Prepare all journal entries (budgetary and actual) required in all funds and the GCA and GLTL accounts to record the following transactions and events: A state issued $50,000,000 of 4%. 20-year term bonds at 105 to provide financing for construction of a new state legislative office building. The premium, which is to be used for debt service, was transferred to the appropriate fund. Bond issue costs of $75,000 were paid directly from the General Fund. The bonds were issued on April 1. 20X1. and annual interest is due each March 31. The state signed contracts for $55,000,000 for construction of the building. Costs incurred for construction of the office building during 20X1 amounted to $18,000,000 and all but 10% was paid. Annual interest of $2,000,000 was paid on the bonds on March 31. 20X2. General Fund resources. $5,000,000. were transferred to the Legislative Office Building Capital Projects Fund during 20X2 for use on the project. The project was completed. Expenditures in 20X2 totaled $36,500,000. and all fund liabilities were paid. The remaining resources, to be used for debt service, were paid to the appropriate fund. $3,300,000 was transferred from the General Fund to service the bonds in 20X3. Interest of $2,000,000 was paid on March 31. 20X3. The bonds were retired on March 31 of 20Z1. Funds totaling $46,000,000 had been accumulated previously in the Debt Service Fund to retire the bonds: the remainder needed to retire the bonds and make the last $2,000,000 interest payment was transferred from the General Fund in 20Z1