E-45 (Statement of revenues, expenditures, and changes in fund balances) prepare, in good form, the 20x1 statement of revenues, expenditures, and changes in fund balances for the general fund of Crabtree township, based on the following information:

Property tax revenues $13,000,000

Licenses and permits $800,000

Intergovernmental grants $2,500,000

Short-term note proceeds $775,000

General capital asset sale proceeds (Equal to book value less 10%) $523,000

Receipt of residual assets of terminated Debt Service Fund $90,000

Amount paid to Debt service fund to cover principal and interest payments $100,000

General government expenditures $800,000

Education expenditures $10,250,000

Public safety expenditures $3,000,000

Highways and streets expenditures $2,460,000

Health and sanitation $920,000

Capital assets purchased $1,200,000

Retirement of principal of long term note 300,000

Interest payment on long-term note $30,000

Interest expenditures on short-term note $68,000

Unreserved Fund Balance, January 1, 20X1 $1,190,000

Reserve for Advances, January 1, 20X1 $3,000,000

Reserve for Encumbrances, January 1, 20X1 $$560,000

Instructions: 20% original increase, 95% revised