(Preparation of closing entries and fund level financial statements) Following is a trial balance of City of Bethlehem General Fund at December 31, 2019. Prepare: (a) closing entries; (b) a statement of revenues, expenditures, and changes in fund balance for the year ended December 31, 2019; (e) a balance sheet at December 31, 2019. Debits Credits Cash $ 20,000 Property taxes receivable 30,000 Due from other funds 10,000 Vouchers payable $ 15,000 Unassigned fund balance 25,000 Revenues - property taxes 325,000 Revenues - other 35,000 Expenditures - salaries 280,000 20,000 Expenditures - materials 40,000 Transfer out to Debt Service Fund Encumbrances - materials 4.000 4.000 Budgetary fund balance reserved for encumbrances 325.000 Estimated revenues Brettones