Please provide the correct answers to these problems. I need them in 24 hrs. Thank you so much in advance

This year Southfork began work on a senior center to hold activities for its growing senior citizen population. It is to be financed by a $6,800,000 bond issue, a $680.000 grant, and a $680.000 General Fund transfer. The following transactions occurred during the current year: 1. The General Fund transferred $680,000 to the Senior Center Capital Projects Fund. 2. A plot of land was purchased for $490.000 in cash. (This cost had not been encumbered.) 3. Preliminary planning and engineering costs of $113.000 were vouchered. (This cost had not been encumbered.) 4. A contract was signed with Sunset Construction Company for the major part of the project on a bid of $6,750,000. 5. The $6.800.000 bonds were issued at par. 6. Temporary investments were purchased at a cost of $3.680,000. 7. A payable was recorded for a $69.300 billing from the Water and Sewer enterprise fund for the cost of extending water pipes to the new building. (This cost had not been encumbered.) 8. An invoice in the amount of $3.196.000 was received from Sunset Construction Company for progress to date on the project. 9. The amount billed by the contractor less 4 percent retainage was paid. 10. Half of the planning and engineering costs and $43,000 of the water and sewer billing were paid. 11. Grant revenue of $280,000 was received in cash for construction expenditures that were considered allowable costs in accordance with the grant agreement. 12. Closing entries were prepared as of year-end. Assume that $2,680,000 of the encumbrances outstanding will be paid from the bond proceeds and are therefore considered restricted resources. The remaining fund balance is assigned. Required a. Prepare journal entries to record the preceding information in the general ledger accounts for the Senior Center Capital Projects Fund. b. Prepare a statement of revenues, expenditures, and changes in fund balances for the period. c. Prepare a balance sheet for the Senior Center Capital Projects Fund as of year-end. Transaction General Journal Debit Credit 1. Record the $680,000 transfer from the General Fund to the Senior Center Capital Projects Fund. 1 Cash 880.000 Other Financing SourcesInterfund Transfers In 680.000 2. Record the purchased of a plot of land for $490,000 in cash. 2 Land 490.000 Cash 490,000 3. Record the $113,000 preliminary planning and engineering costs incurred. 3 Construction Expenditures Vouchers Payable 113.000 113,000 4. Record the contract signing for the major part of the project on a bid of $3,750,000. Encumbrances Encumbrances Outstanding 4 6.750.000 6.750.000 5. Record the $6,800,000 issue of bonds at par. 5 Cash Other Financing Sources-Proceeds of Bonds 6.800.000 6.800.000 6. Record the purchase of $3.680.000 temporary investments. 6 Investments 3.680.000 Cash 3.680.000 7. Record the 560,300 payable for extending water pipes to the new building. 7 Construction Expenditures Due to Other Funds 69,300 69,300 8. Record the receipt of $3,196,000 invoice for progress to date on the project. 8 Encumbrances Outstanding Construction Expenditures Encumbrances Contracts Payable 3.198.000 3.190.000 3,196,000 3,196,000 3.190.000 9. Record the payment of amount billed by the contractor less 4 percent retainage. 9 Contracts Payable Contracts Payable - Retained Percentage Cash 127.840 3,088,160 10. Record the payment of half of planning and engineering costs and $43.000 of the water and sewer billing. 10 Vouchers Payable 58.500 Contracts Payable 43.000 Cash 99,500 11. Record the receipt of Grant revenue of $280,000 for construction expenditures in line with the grant agreement 11 Cash 280.000 Revenues 280.000 12. Record the closing entries as of year-end assuming that $2,680,000 of the encumbrances outstanding will be paid. 12 SOUTHFORK Senior Center Capital Projects Fund Statement Of Revenues, Expenditures, and Changes in Fund Balances For the Year Ended Revenues Expenditures: 0 Excess of Revenues Over (Under) Expenditures Other Financing Sources and Uses: 0 0 Excess of Revenues and Other Sources Over Expenditures Fund Balances, Beginning Fund Balances, Ending 69 0 SOUTHFORK Senior Center Capital Projects Fund Balance Sheet As of Year End Assets $ 0 Total Assets Liabilities and Fund Balances Liabilities: 0 Total Liabilities Fund Balances: 0 Total Fund Balances Total Liabilities and Fund Balances GA 0