On July 1, 2019, the Morgan County School District received a $67,000g ift from a local civic organization with the stipulation that, on June 30 of each year, $5,200 plus any interest earnings on the unspent principal be awarded as a college scholarship to the high school graduate with the highest academic average. A private.purpose trust fund, the Civic Scholarship Fund, was created. 1. On July 1, 2019, the gift was received and immediately invested. 2. On June 30, 2020, $5,200 of the principal was converted into cash In addition, $4,200 of interest was received. 3 On tune 30 , the $9,400 was awarded to a student who had maintained o 4.0 grade point average throughout each of her four years. 4. The nominal occounts were closed Required: a. Record the above wansactions on the books of the Civic Scholarship Fund. b. Prepore a Statement of Changes in Fiduciary Net Position for the Civic Scholarship Fund for the year ended June 30, 2020. Complete this question by entering vour answers in the tabs below. Record the above transactions on the books of the Givic Scholarship Fund. (If no entry is required for a transaction/event, select "No Joumal Entry Required" in the first account field.) Journal entry worksheet 5 On July 1, 2019, the gift was recrived and immediately invested. Record the entry for receipt of the cash oft. Mutai Inter detien before ondts. On July 1, 2019, the Morgan County School District received a $67,000g ift from a local civic organization with the stipulation that, on June 30 of each year, $5,200 plus any interest earnings on the unspent principal be awarded as a college scholarship to the high school graduate with the highest academic average. A private.purpose trust fund, the Civic Scholarship Fund, was created. 1. On July 1, 2019, the gift was received and immediately invested. 2. On June 30, 2020, $5,200 of the principal was converted into cash In addition, $4,200 of interest was received. 3 On tune 30 , the $9,400 was awarded to a student who had maintained o 4.0 grade point average throughout each of her four years. 4. The nominal occounts were closed Required: a. Record the above wansactions on the books of the Civic Scholarship Fund. b. Prepore a Statement of Changes in Fiduciary Net Position for the Civic Scholarship Fund for the year ended June 30, 2020. Complete this question by entering vour answers in the tabs below. Record the above transactions on the books of the Givic Scholarship Fund. (If no entry is required for a transaction/event, select "No Joumal Entry Required" in the first account field.) Journal entry worksheet 5 On July 1, 2019, the gift was recrived and immediately invested. Record the entry for receipt of the cash oft. Mutai Inter detien before ondts