he preclosing trial balance at December 31, 20X1, for Lone Wolfs general fund follows.

	Debit	Credit
Cash	$ 100,000
Property Taxes ReceivableDelinquent	122,400
Allowance for UncollectiblesDelinquent		$ 7,200
Due from Other Funds	14,600
Vouchers Payable		64,000
Due to Other Funds		8,800
Fund BalanceUnassigned		120,000
Property Tax Revenue		1,150,000
Miscellaneous Revenue		44,000
Expenditures	1,130,000
Other Financing UsesTransfer Out	27,000
Estimated Revenues Control	1,241,000
Appropriations Control		1,150,000
Estimated Other Financing UsesTransfer Out		27,000
Encumbrances	35,000
Budgetary Fund BalanceAssigned for Encumbrances		35,000
Budgetary Fund BalanceUnassigned		64,000
Total	$ 2,670,000	$ 2,670,000

Lone Wolf uses the purchase method of accounting for inventories and the lapsing method of accounting for encumbrances.

Required:

Prepare the closing entries for the general fund.

Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.

Prepare a general fundonly balance sheet at December 31, 20X1.

Note: Follow the same sequence shown in the problem statement to select the appropriate answers. Amounts to be deducted should be indicated with minus sign.

How the compute the assigned to unassigned portion?