On July 1 2019. the Morgan County School District received a $50,000 gft from a local civic organizanion with the stipulation that. on June 30 of each year. $3.500 plus any interest eamings onahe unspent principal be awarded as a college schalarship to the high school graduate with the highest academic overage. A private puipose trust fund, the CVio Scholarghip fund was created 1 On July 1, 2019, the gitt was received and mmediately invested 2. On June 30,2020,33.500 of the principal wos converted into cash In addhion, $2.500 or intetest was received 3. On June 30 , the 36.000 was awarded to a student who had maina ined a 4.0 grade point overage throughout each of het four years. 4. The nominal accounts were dosed Pecuired: a. Fecord the above transactions on the books of the Ovic Scholaship Fund. b. Fepare a Statement of Changes in Fiducisry Nen Posaon for the Oic Schalarship Fund for the yeor ended June 30.2020 Complete this question by entering your answers in the tabs below. Record the above transactions on the books of the Cive saholarihip. Fund. (If no entry is reauired for a transaction/ovent, select Wo Journal Entry Required" in the first account field)