Journal entries and statements for a Pension Trust Fund The city of Green Meadows has had an employee pension fund for several years. The following is a trial balance for the fund at December 31, 2021: The following transactions and events occurred in 2022 : 1. Contributions from the General Fund totaled $375,000; included in this amount was $129,375 from the employees and $245,625 from the city. 2. Corporate stocks costing $250,000 were purchased. 3. The fund collected interest accrued as of December 31, 2021. Investment income for 2022 totaled $2,400,000, of which $2,145,000 was collected in cash. Investment income earned in 2022 included dividends of $425,000, and the remainder was interest. 4. Employee retirement benefits of $1,750,000 were paid. 5. Additional U.S. government securities totaling $550,000 were acquired. 6. Costs of operating the plan were $87,500; of this amount $75,000 was paid in cash, and the remainder was accrued. The accrued expenses at the beginning of the year were also paid. These expenses were administrative in nature. 7. U.S. government securities that had a book value of $250,000 were redeemed for $300,000. 8. The market value of the corporate stocks at the end of the year increased by $500,000. a) Prepare the journal entries necessary to record the 2022 transactions If an entry affects more than one debit or credit account, enter the accounts in order of magnitude (largest to smallest balances), debits first. a) Prepare the journal entries necessary to record the 2022 transactions If an entry affects more than one debit or credit account, enter the accounts in order of Enter contribution, investment income, and deduction accounts in order of magnitude (largest to smallest). c) Prepare a statement of fiduciary position as of December 31, 2022 Enter accounts in the order listed in Retirement Fund's trial balance