Presented below is the preclosing trial balance for the Scholarship Fund, a private-purpose trust fund of the Algonquin School District. Trial Balance December 31, 2020 Accounts Payable Accrued Interest Receivable Administrative Expense Cash Increase in Fair Value of Investments DistributionsScholarships Interest Income Investment in Bonds Net Position: Restricted for Scholarships Debits Credits $ 4,400 $ 2,430 8,980 69,890 6,900 91,000 106,000 1,615,000 1,670,000 $1,787,300 $1,787,300 Required: Prepare the year-end closing entries and a Statement of Changes in Fiduciary Net Position for the year ended December 31, 2020. Complete this question by entering your answers in the tabs below. General Journal Statement of Changes Prepare the year-end closing entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 View transaction list Journal entry worksheet