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 Debits Credits $ Accrued Interest Receivable Administrative Expense Cash 3,800 $ 1,630 8,380 69,890 Increase in Fair Value of Investments Distributions-Scholarships 6,300 85,000 Interest Inconel 100,000 Investment in Bonds 1,609,000 Net Position: Restricted for Scholarships 1,664,000 $1,774,100 $1,774,100 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.)