On February 10, Coop City Council agreed to pool the investments of its General Fund with Coop Schools and Cardinal Township in an investment pool managed by Coop City. Coop City creates an Investment Trust Fund to account for this investment pool. Please record the following in the Coop City Trust Fund and General Fund.

1. Coop City Trust Fund received investments with a market value of $890,000 from the Coop City General Fund, $4,200,000 from Coop Schools, and $3,890,000 from Cardinal Township.

2. Investments grew in value by $600,000. $59,465 of this is attributable to the general fund, $280,624 is attributable to Coop Schools, and $259,911 is attributable to Cardinal Township.

3. Coop Schools needed cash to pay for a playground expansion. At Coop Schools request, the trust fund sold $700,000 recorded value of investments for $710,000, then disbursed the $710,000 cash to Coop Schools.