Required Information [The following information applies to the questions displayed below.] The county collector of Sun County is responsible for collecting all property taxes levied by funds and governments within the boundarles of the county. To relmburse the county for estimated administratlve expenses of operating the tax custodial fund, the custodial fund deducts 4 percent from the collections for the town, the school district, and the other towns. The total amount deducted is added to the collectlons for the county and remitted to the Sun County General Fund. The following events occurred during the year: 1. Current-year tax levies to be collected by the custodial fund were 2. Durlng the year, $13,740,000 of the current year's taxes was collected. 3. The 4 percent administratlive collection fee was recorded. A schedule of amounts collected for each participant, showing the amount witheld for the county General Fund and net amounts due to the participants, Is recommended for determining the amount to be recorded for this transaction. 4. All cash In the tax custodial fund was distributed. 5. Necessary closing entrles were made at fiscal year-end. Prepare journal entries for each of the foregoing transactions that affected the tax custodial fund. (If no entry ls requlred for a transactlon/event, select "No Journal Entry Requlred" In the flrst account fleld. Do not round Intermedlate caleulatlons. Round your answers to the nearest whole dollar amount.)