8. The year-end pre-closing trial balance for the Chance County Woodland Park Capital Projects Fund is provided below.

Debits Credits Cash Grant Receivables Investments Contract Payable Contract Payable - Retained Percentage Encumbrances Outstanding Revenues Encumbrances Construction Expenditures other Financing Sources-Proceeds of Bonds $ 995,000 680,000 1,200,000 $1,467,500 70,500 1,825,000 787,000 1,825,000 4,550,000 5.100.000 $9,250,000 $9,250,000 Required a. Prepare the year-end statement of revenues, expenditures, and changes in fund balances for the capital projects fund. CHANCE COUNTY Woodland Park Capital Projects Fund Statement of Revenues, Expenditures, and Changes in Fund Balances For the Year End Revenues Expenditures Excess of Revenues Over (Under) Expenditures Other Financing Sources Excess of Revenues and Other Financing Sources/Uses Over Expenditures Fund Balances, Beginning Fund Balances, Ending b. Has the capital project been completed? O Yes O No