Classification of fund balance The General Fund of Attmore County has a total fund balance of $850,000. The total includes the 4 items shown below. Taking account of those 4 items, prepare the fund balance section of its General Fund balance sheet. 1. Attmore uses the purchases method to record supplies acquisitions. Attmore considers its year-end inventory of $112,000 to be material. 2. During the year, the General Fund loaned the Internal Service Fund $100,000. The loan will be fully repaid to the General Fund in 3 years. 3. The General Fund received a federal grant of $100,000 to help Attmore plan for anti-terrorism activities. The grant has no time restrictions. At year-end, the General Fund had unspent resources of $40,000 under the grant. 4. In accordance with the authority delegated to him, the Attmore County manager decided to set aside $75,000 of the fund balance of the General Fund for future spending to upgrade its computer systems. 212,000 0 Fund balances: Nonspendable fund balance $ Committed fund balance Restricted fund balance Assigned fund balance Unassigned fund balance Total fund balance $ 75,000 X 75,000 100,000 x 850,000 Check You have correctly selected 4