A donor made a cash contribution in the amount of $1,000,000 to the City of Memphis to be held an endowment for the preservation and upkeep of the Lorraine Motel home of the National Cul Rights Museum. To account for this endowment, the city has created the Lorraine Motel Endowment Fund. Under terms of the agreement, the city must invest and conserve the principl amount of the contribution in perpetuity. Earnings, measured on the accrual basis must be used to maintain the motel. All changes in fair value do not affect earnings for transfer purposes Envig are transferred periodically to the Lorraine Motel Maintenance Fund a special revenue fund The following are some of the transactions that took place during 2022 1. A certificate of deposit of $500,000 was purchased on January 1st 2022 that pays interest of 28 per annum on June 30 and December 31st each year 2. On June 30, 2022 interest on the certificate of deposit was received by the endowment fond and transferred to the Lorraine Motel Maintenance Fund Fill in the following boxes to record transaction #2 Ceall 3333 Fund Type Account Debit Crede Permanent Fund Certificates of Deposit 10000 Revenues 10000 Intragovernment Transfer Certificates of Dep 5200 Debt Special Revenue Fund Cash Other Financing Surces