Paragraph Styles Editing Adobe Acrobat 1. The General Fund transferred $620,000 to the Park Building Capital Projects Fund. 2. A contract was signed with Restin Construction Company for the major part of the project on a bid of $3,900,000. 3. Preliminary planning and engineering costs of $81,000 were vouchered for the Great Pacific Engineering Company. (This cost had not been encumbered.) 4. A payable was recorded for an $24,500 billing from the Water and Sewer enterprise fund for the cost of extending water pipes to the new concession stand. 5. An invoice in the amount of $1,600,000 was received from Restin for progress to date on the project. 6. The $4,700,000 bonds were issued at par. 7. The amount billed by the contractor (see Transaction 5) less 5 percent retained was paid. 8. Temporary investments were purchased at a cost of $1,920,000. 9. Closing entries were prepared as of year-end. Assume that $3, 100,000 of the encumbrances outstanding will be paid from the bond proceeds and are therefore considered restricted resources. The remaining fund balance is assigned. Required c. Prepare a statement of revenues, expenditures, and changes in fund balances for the period. (Ctri) Focus X O hp