Capital Projects Transactions. In 2017, Riverside began work on an outdoor amphitheatre and concession stand at the city's park. It is to be financed by a dollar 3, 500,000 bond issue and supplemented by a dollar 500,000 General Fund transfer. The following transactions occurred in 2017: The General Fund transferred dollar 500,000 to be the park Building Capital projects Fund. A contract was signed with Resin Construction Company for the major part of the project on a bid of dollar 2, 700,000 Preliminary planning and engineering Company. (This Cost had not been encumbered.) A payable was recorded for an dollar 18, 500 billings from the water and server enterprise fund for the cost of extending water pipes to the new concession stand. An invoice in the amount of dollar 1,000,000 was received from Restin for Progress to date on the project. The dollar 3, 500,000 bonds were issued at par. The amount billed by the contractor (see Transaction 5) less 5 percent retainage was paid. Temporary investments were purchased at a cost of dollar 1, 800,000 Closing entries were prepared as of December 31, 2017. Assume that dollar 2, 500,000 of the encumbrances outstanding will be paid from the bond proceeds and are therefore considered restricted resources. Required Prepare journal entries to record the preceding information in the general ledger accounts for the park Building Capital Projects Fund. (You may ignore the entries that would also be required in the government activities general journal at the government-wide level.) Prepare a balance sheet for the Park Building Capital Projects Fund as of December 31, 2017. Prepare a statement of revenues, expenditures, and changes in the fund balances for the period