Presented below is the preclosing trial balance for the Scholarship Fund, a privatepurpose trust fund of the Algonquin School District Trial Balance-December 21, 2020 Accounts Payable Accrued Interest Receivable Administrative Expense Cash Increase in Fair Value of Investments Distributions-Scholarships Interest Income Investment in Bonds Net Position: Restricted for Scholarships Debits Credits 1,630 69,890 83,000 98,000 1,687,000 1,769,700 1,769,700 Required: Prepare the year-end closing entries and a Statement of Changes in Fiduciary Net Position for the year ended December 31 2020