. In 2020, Duqm City began work to improve sea port to be financed by a bond issue and supplemented by a federal grant. The Capital Project Fund to account for the project was designed and designated as the Port Development Fund. The following is the post-closing trial balance for the year ended December 31, 2020.

Items

Debits (OMR)

825,000

131,000

1,000

Credits (OMR)

1,001,400 5,400

825,000

Revenue-Sales Tax

Earning from Investment

Bond Interest

Bond Principal

Other Financing Sources- Inter-fund Transfer

in

Cash

Tax receivable- Delinquent

Fund Balance January 1, 2020

Total

125.200

1,957,000 1,957,000

Required:

a. Prepare a Statement of revenues, expenditures and

change in fund balance for the period ended

December

31,

2020.

(7 marks)

b. Prepare a balance sheet for the Port Development Fund as of December 31, 2020.

plz quickly I don't have time