Residents of the town of Sunny View, Arizona authorized a $5,000,000 renovation to their historic town hall on November 15,2022 . Financing for the project consists of $2,500,000 from a 5 percent serial bond issue, $1,500,000 from a state grant, and $1,000,000 from the General Fund. Debt service for the serial bonds will be provided by a one-quarter-cent city sales tax imposed on every dollar of sales in the city. Required: Prepare all necessary journal entries to record the related transactions in the town's capital projects fund, debt service fund, and governmental activities at the government-wide level. You may ignore entries in the General Fund. The town has a calendar year-end. b. The town transfers $1,000,000 from the General Fund to a newly established capital projects fund. c. Planning and architect's fees for the town hall renovation are paid in the amount of $200.000. d. The town hall renovation construction contract is awarded to a local contractor, Central Paving and Construction, for $4,500,000