Gilbert City had the following transactions involving resource inflows into its general fund for the year ended June 30,208 : 1. The general fund levied $2,500,000 of property taxes in July 207. The city estimated that 2 percent of the levy would be uncollectible and that $110,000 of the levy would not be collected until after August 31, 208. 2. On April 1, 20X8, the general fund recelved $45,000 repayment of an advance made to the internal service fund. Interest on the advance of $1,350 also was recelved. 3. During the year ended June 30,208, the general fund recelved $2,300,000 of the property taxes levied in transaction (1). 4. The general fund recelved $265,000 in grant monles from the state to be used solely to acquire computer equipment. During March 20X8, the general fund acquired computer equipment using $238,000 of the grant. The city has not yet determined the use of the remainder of the grant. 5. During the year ended June 30,208, the general fund recelved $130,000 from the state as its portion of the sales tax. At June 30 . 208, the state owed the general fund an additional $26,000 of sales taxes. The general fund does not expect to have the $26,000 avallable until early August 208. 6. In July 207, the general fund borrowed $850,000 from a local bank using the property tax levy as collateral, The loan was repald in September 207 with the proceeds from property tax collections. 7. In February 208, a terminated debt service fund transferred $30,000 to the general fund. The $30,000 represented excess resources left in the debt service fund after a general long-term debt obligation had been paid in full. 8. On July 1,207, the general fund estimated that it would recelve $80,000 from the sale of liquor licenses during the fiscal year ended June 30, 20X8. For the year ended June 30,20X8, $62,000 had been recelved from liquor license sales. 9. The general fund recelved $18,000 in October 207 from one of the city's special revenue funds. The amount received represented a reimbursement for an expenditure of the special revenue fund that the city's general fund paid. 10. In July 207, the general fund collected $81,000 of dellinquent property taxes that had been classified as dellinquent on June 30 . 207. In the entry to record the property tax levy in July 20X6, the general fund estimated that it would collect all property tax revenues by July 31,207. Required: Prepare a schedule showing the amount of revenue that should be reported by Gilbert City's general fund on the statement of revenues, expenditures, and changes in fund balance for the year ended June 30,208. Required: Prepare a schedule showing the amount of revenue that should be reported by Gilbert City's general fund on the statement of revenues, expenditures, and changes in fund balance for the year ended June 30,208