Journal entries and financial statements for a Private-Purpose Trust Fund The following events and transactions occurred for the College Scholarship Private-Purpose Trust Fund, a fiduciary component unit of the City of Rocky Basin. 1. A prominent citizen funds the trust for the College Scholarship Fund with $4,500,000 from her estate based on the provisions of her will. The City of Rocky Basin controls the trust assets. The terms of the will require the trust to maintain the principal intact; investment income is to be used to provide college scholarships for deserving graduates of Rocky Basin High School, which is independent from the City of Rocky Basin. 2. The entire gift is invested in certificates of deposit (CDs). 3. Interest income of $225,000 was received in cash. 4. That $225,000 was reinvested in short-term CDs. 5. The short-term CDs matured, yielding interest income of $2,250. 6. Interest income of $252,000 was received in cash. 7. Scholarships totaling $146,250 were paid to eligible students based on the provisions of the will that established the trust. 8. Interest income of $5,175 was accrued at the end of 2022 . 9. The General Fund charged the Scholarship Fund $6,750:$4,500 for investment costs and $2,250 in accounting costs for the fund. The amounts were unpaid at fiscal year-end. a) Prepare the journal entries necessary to record the transactions and events in 2022 for the College Scholarship Private-Purpose Trust Fund a) Prepare the journal entries necessary to record the transactions and events in 2022 for the College b) Prepare a statement of net changes in fiduciary fund net position for the fiscal year ending December 31, 2022 for the fund. Enter accounts in the addition and deduction sections in order of magnitude (largest to smallest). c) Prepare a statement of fiduciary net position as of December 31, 2022. d) Prepare the 2022 closing entry for the fund