Baird County maintains an investment trust fund for the School District and the Town of Bairdville (separate governments). Presented below is the preclosing trial balance for the investment trust fund, a private-purpose trust fund.

Trial BalanceDecember 31, 2017	Debits			Credits
Accrued Interest Receivable	$	23,000
Cash		38,300
DepositsSchool District				$	459,600
DepositsTown of Bairdville					336,200
Decrease in Fair Value of Investments (bonds)		15,300
Interest Income					91,800
InvestmentsCorporate Bonds		1,576,000
InvestmentsU.S. Treasury Securities		1,530,000
Net Position held in trustSchool District (Jan. 1)					1,530,000
Net Position held in trustTown of Bairdville (Jan. 1)					765,000
	$	3,182,600		$	3,182,600

Investment earnings are distributed among the School District and Town in proportion to the amounts contributed (two-thirds to the School District and one-third to the Town). Required: Prepare the year-end closing entries and a Statement of Changes in Fiduciary Net Position for the year ended December 31, 2017.