Recording Budget and Ending Fund Balances. The following is provided about the Town of York's General Fund operating statement and budgetary accounts for the fiscal year ended September 30, 2016. ( Note: The town has no restricted, committed, or assigned fund balances.)

Estimated revenues $32,150,000

Revenues 32,190,000

Appropriations 32,175,000

Expenditures 32, 185,000

Fund Blalance-Unassigned September 30, 2015 500,000

Required

a. Prepare the journal entry to record the budget

b. Did the Town of York engage in imprudent budgeting practice by authorizing a greater amount of expenditures than revenues estimated for the year, or potentially violate town or state balanced-budget laws?

c. Calculate the end-of-year balance for the fund Balance-Unassigned that would be reported on the town's balance sheet prepared as of September 30, 2016. Show all necessary work.