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. q. The roof leak was repaired satisfactorily, and the city paid the final billing and all retainages. r. The April 1 debt service payments are made. s. The renovation is considered complete, and appropriate amounts are reclassified as buildings and improvements other than buildings (landscaping). All capital projects fund nominal accounts are closed, and remaining cash in the capital projects fund is transferred to the debt service fund. Remember to amend the debt service fund budget because this transfer was not anticipated