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Journal entries and financial statements for a Custodial Fund The County of Boonsville operates a jail, and some inmates work in the jail, for which they are compensated. Their earnings are deposited into an account established and held by the County in the name of individual inmates. Families of the inmates also can deposit monies into an inmate's account. The inmates can use the funds in their accounts to purchase items from the commissary or order certain items, such as magazines or books, from outside vendors. Any balance remaining in the account of an inmate is paid to him/her upon release from jail. The following are selected transactions incurred during calendar year 2022 that are related to the fund. 1. The County deposits $52,800 in inmate accounts during the year. 2. Family members contribute an additional $19,200 to inmate accounts during the year. 3. Inmates purchase $33,600 of goods from the commissary during the year. 4. Inmates make purchases of $38,400 from outside vendors during the year. 5. Inmates that are released during the year close accounts that have a balance of $7,680. a) Prepare the journal entries necessary to record these transactions on the books of the County of Boonsville Jail Custodial Fund. Assume that all purchases made by inmates are considered distributions to inmates. b) Prepare a statement of changes in fiduciary net position for the fiscal year ending December 31, 2022. Assume that the net position was $10,080 at the start of the year. Enter addition accounts in order of magnitude (largest to smallest). c) Prepare a statement of fiduciary net position on December 31,2022 . Assume that inmates had a balance of $10,080 in their individual accounts at January 1,2022 and no liabilities existed in the fund on January 1,2022