In Class Special Revenue Fund Example Record the following transactions for City of Buffalo Hills Library Fund. 1. In 2019, a citizen donated $50,000 to the local public library to purchase new furnishings for a kid friendly reading center. 2. The city library was also awarded a state grant of $15,000 to fund the purchase of new children's books for the library. 3. The librarian ordered $20,000 in books from the Scholastic Book Company. 4. The librarian ordered $10,000 in furniture for the reading center. 5. A bill of $20,000 was received from the Internal Service Fund for data processing expenditures. 6. A transfer of cash in the amount of $5,000 was transferred from the Permanent Fund. 7. The books were received with an invoice price of $20,250. 8. An invoice was sent to state government for $15,000. 9. The furniture for the children's center was delivered along with an invoice price amounting to $9,750. 10. $10,000 of the invoice from the Internal Service Fund was paid. 11. Both invoices were paid. 12. The state government remitted $12,500 of the amount due. 13. The books were closed for 2019. a. Prepare journal entries to record the above transactions recorded in the Special Revenue Fund and Government-wide financial statements. b. Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the Special Revenue Fund. c. Prepare a Balance Sheet for the Special Revenue Fund assuming the resources contributed to the library are restricted