please answer it based on the given numbers. thanks

The Village of Seaside Pines prepared the following General Fund Trial Balance as of December 31, 2020, the last day of its fiscal year. Control accounts are used for budgetary entries. Debits Credits $ 19.000 12,000 490,000 9.000 $ 175,000 38,000 5.000 17.000 63,000 534,000 Accounts Payable Allowance for Uncollectible Taxes Appropriations (Control) Budgetary Fund Balance Cash Deferred Inflows-Property Taxes Due from Capital Projects Fund Due to Debt Service Fund Encumbrances Estimated Revenue (Control) Estimated Other Financing Uses (Control) General Government Expenditures Other Revenues Property Tax Revenue Public Safety Expenditures Budgetary Fund Balance- Reserve for Encumbrances Supplies Inventory Tax Anticipation Note Payable Taxes Receivable Transfer Out (to Internal Service Fund) Fund Balance Totals 35,000 138,000 55,000 491,000 295.000 63.000 24,000 100,000 205,000 30,000 140,000 $1.469,000 $1,469,000 1. Prepare the closing entries for December 31. (It is not necessary to use control accounts and subsidiary ledgers.) 2. Prepare the Statement of Revenues, Expenditures, and Changes in Fund Balance for the General Fund for the year ended December 31. 3. Prepare the Fund Balance section of the December 31 Balance Sheet assuming there are no restricted or committed net resources and the outstanding encumbrances are for capital additions - Exercise 4-2 Part 1 H Village of Seaside Pines - General Fund General Ledger Credits 1 Appropriations (control) Estimated Other Financing Uses Budgetary Fund Balance ? Debits 494000 35000 5000 0 1 2 2 ? ? ? . 4 5 6 ? ? 3? ? ? ? ? ? ? ? ? ? 3 9 0 11 2 B 4 5 5 o WN 2 3 4 5 TITLE TITLE TITLE 491,000 55,000 546,000 138,000.00 295,000.00 433,000.00 113,000.00 30,000.00 7 REVENUES: 8 Property Taxes 9 other Revenues 10 TOTAL REVENUES 11 12 EXPENDITURES: 13 General Government 14 Public Saftey 15 TOTAL EXPENDITURES 16 EXCESS OF REVENUES OVER EXPENDITURES 17 18 OTHER FINANCING SOURCES AND USES: 19 Transfers Out 20 INCREASE/DECREASE IN FUND BALANCE 21 FUND BALANCE, JANUARY 1, 2017 22 FUND BALANCE, DECEMBER 31, 2017 23 24 25 26 Exercise 4-2 Part 3 27 28 Fund Balance: 29 Non-spendable 30 Restricted 31 Committed 32 Assigned for Capital Additions 33 Unassigned 34 Total 35 36 30,000.00 ? 140000 ? 37 38 mm 39