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 Distributions-Scholarships Interest Income Investment in Bonds Net Position: Restricted for Scholarships Debits Credits $ 4,700 $ 2,730 9,280 69,890 7,200 94,000 109,000 1,618,000 1,673,000 $1,793,900 $1,793,900 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" ir account field.) View transaction list View journal entry worksheet NoEvent Credit General Journal AdditionsInvestment EarningsInterest Debit 109,000 Interest Income 2,730 Deductions-Distributions of Scholarships 94,000 Investment in Bonds Net Position: Restricted for Scholarships