Preparation of financial statements and interpretation of operating results Below is the December 31, 2022 trial balance for Radnor City's General Fund. Credit Debit $500,000 150,000 100,000 50,000 10,000 $159,000 175,000 446,000 30,000 Trial Balance Account Estimated revenues-property taxes Estimated revenues-intergovernmental Estimated revenues-licenses and fees Estimated revenues-fines Budgetary fund balance Appropriations-general government Appropriations-parks and recreation Appropriations-public safety Appropriations-social services Expenditures-public safety Expenditures-general government Expenditures-parks and recreation Expenditures-social services Cash Property taxes receivable Tax anticipation notes payable Interest payable Revenues-property taxes Revenues-intergovernmental Revenues-licenses and fees Revenues-fines Fund balance Vouchers payable Total 441,000 150,500 170,500 27,000 35,600 67,200 10,000 800 497,000 154,000 99,000 48,000 62,000 21,000 $1,701,800 $1,701,800 Use the trial balance to prepare the following: a) Statement of revenues, expenditures, and changes in fund balance Enter revenues and expenditures in order of magnitude (largest to smallest amounts). Radnor City General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance For the Year Ended December 31, 2022 Revenues: . $ Expenditures: > > Fund balance at end of year $ b) Prepare a balance sheet Enter liabilities in order of magnitude (largest to smallest amounts) Classify the fund balance as Unassigned. Radnor City General Fund Balance Sheet December 31, 2022 Assets: Cash $ $ Liabilities: $ . $ Fund Balance: >> $ c) Prepare a budgetary comparison schedule. Enter revenues and expenditures in order of magnitude (largest to smallest amounts). Radnor City General Fund Budgetary Comparison Schedule For the Year Ended December 31, 2022 Original and Final Budget Actual Variance Revenues: $ $ $ 40 Expenditures: > e . Revenues less expenditures Fund balance at end of year $ $ $