A county capital projects fund receives resources of $5,000,000 from a bond issue and a state grant of $10,000,000, to build an administration building. Both funding sources are externally restricted to the capital project. During the year contracts are signed for $12,000,000. Contractors submit bills for $8,000,000 and the county pays $6,000,000. At year-end, how does the capital projects fund report fund balance? Select One: a. Restricted $6,000,000, committed $4,000,000 b. Restricted $4,000,000, committed $4,000,000 c. Restricted $7,000,000 An enterprise fund buys equipment for $9,000,000. The equipment has a 6-year estimated life, straight-line, no residual value. The equipment is sold after 3 years for $850,000. Which statement is true regarding the reporting for the sale in the enterprise fund's operating statement? Select One: a. $3,650,000 loss is reported in the non-operating section. b. $850,000 proceeds are reported as other financing sources. c. $3,650,000 loss is reported as other financing uses. d. $850,000 proceeds are reported in the revenues section.