ii. Okemos' Adjusted trial balance is as follows: Dr. Cr. Cash 200,000 Tax receivables-delinquent 30,000 Estimated revenues 4,000,000 Expenditures 3,905,000 Encumbrances 120,000 Vouchers Payable 40,000 Allowance for uncollectible 30,000 taxes delinquent Appropriations 3,900,000 Revenues 4,100,000 Reserve for encumb-cy 120,000 FB-Unassigned 65,000 Prepare financial statements and closing entries for Okemos (use spaces provided on next page) Assume that the encumbrance and expenditure from prior year were the same and that the encumbrance was reestablished at the beginning of the year