Financial Statement Prepare a statement of revenues, expenditures, and changes in fund balance for the City of Solomon Capital Projects Fund for 2020, given the following information: Account Title Amount Fund balance, January 1, 2020 Intergovernmental grant revenue 2,000,000 850,000 Interest Revenue Increase in fair value of investments Construction expenditures 30,000 3,000 2,400,000 Architect fees 32,000 Engineering fees 17,000 Bond proceeds (face amount was $1,000,000) 1,008,000 Bond issuance costs Purchase of Land Repayment of bond notes (long-term debt) Principal Interest Revenue 5,000 92,000 600,000 3,500 Transfer from General Fund Construction contracts outstanding at year end 250,000 450,000