Question No. 01/2011, the Health Ministry authorized the construction of a new buildin er in Horn Hospital expected o cost R0 1,000,000 the amount will be received from the goverment grant. The following transactions were occurred during the year. Planning and architect's fees are paid RO 40,000 A contract is awarded for RO 50,000 Construction is certified to be 30% complete and a bill for RO 475,000 to received from the contractor RO 450.000 cash paid to contractor Required: Prepare Statement of revenues, expenditures & changes in hand balances Capital Project Fund of Health Ministry References Appropriations Encumbrances Expenditure Fand Balance