After the election of a prominent political figure, the principal from a term endowment fund was expendable by Crandall University. The official was elected this year. The fund was restricted to the construction of a Political Science building annex. The following transactions occurred because of this event: 1. A transfer of $3,000,000 is made from the Endowment Fund (Term) to the Unexpended Plant Fund. 2. Construction is begun on the Political Science annex. Costs of construction during the year amounted to $1,000,000, of which $30,000 remained unpaid at the end of the year. (The financial controller does not record transfers to the Investment in Plant subgroup until a project has been completed.) 3. By the end of the following year, the annex is completed at an additional cost of $2,100,000. All costs have been paid. 4. The completed building is recorded in the Investment in Plant subgroup. Required: Record the journal entries for each transaction and identify the fund or fund subgroup in which each entry is recorded. er