P17-6Balance Sheet, Statement of Revenues, Expenditures, and Changes in Fund BalanceHunnington Township's adjusted trial balance for the General Fund at the close of its fiscal year ended June 30,2016, is presented here:Hunnington TownshipGeneral Fund Trial Balance30-Jun-16Cash$11,000Property Tax Receivablecurrent (Note 1)82,000Estimated Uncollectible Taxescurrent$1,500Property Tax Receivabledelinquent25,000Estimated Uncollectible Taxesdelinquent16,500Accounts Receivable (Note 1)40,000Allowance for Uncollectible Accounts4,000Due from Internal Service Fund (Note 5)50,000Expenditures (Note 2)755,000Encumbrances37,000Revenue (Note 3)60,000Due to Enterprise Fund (Note 5)10,000Vouchers Payable20,000Surplus Receipts (Note 4)7,000Appropriations720,000Fund BalanceAsssigned (Note 6)81,000Fund BalanceUnasssigned80,000$1,000,000$1,000,000Note 1: The current tax roll and accounts receivable, recorded on the accrual basis as sources of revenue,amounted to $500,000 and $200,000, respectively.Note 2: Includes $42,500 paid during the fiscal year in settlement of all purchase orders outstanding at thebeginning of the fiscal yearNote 3: Represents the difference between the budgeted (estimated) revenue of $700,000 and the actualrevenue realized during the fiscal year.Note 4: Represents the proceeds from the sale of equipment damaged by fire. The equipment originallycost $40,000 and had been held for 80% of its useful life prior to the fire.Note 5: The interfund payable and receivable resulted from cash advances (loans) to and from the respectivefunds.Note 6: Includes $44,000 of encumbrances from prior year. Required: A. require a statement of revenues, expenditures, and changes in fund balance. B. require balance sheet for the General Fund at June 30, 2016. (AICPA adapted)