As of December 31,2022. Sandy Beach had $9.400.000 in 4.5 percent serial bonds outstanding. Cash of $434,000 is the debt service funds only asset as of December 31,2022 and there are no liabilities. The serial bonds pay interest semiannually on January 1 and July t with $500,000 in bonds being retired on each interest payment date. Resources for payment of interest are transferred from the General Fund, and the deht service fund levies property taxes in an amount sufficient to cover principal payments. Pequired Prepare a statement of revenues, expenditures, and changes in fund balances for the debt service fund for the year ended December 31, 2023. As of December 31,2022. Sandy Beach had $9.400.000 in 4.5 percent serial bonds outstanding. Cash of $434,000 is the debt service funds only asset as of December 31,2022 and there are no liabilities. The serial bonds pay interest semiannually on January 1 and July t with $500,000 in bonds being retired on each interest payment date. Resources for payment of interest are transferred from the General Fund, and the deht service fund levies property taxes in an amount sufficient to cover principal payments. Pequired Prepare a statement of revenues, expenditures, and changes in fund balances for the debt service fund for the year ended December 31, 2023