Rockford receives notice that the city is awarded a

$$300,000$ grant for a social media awareness program. The

grant monies will be received on a reimbursement basis.

Rockford spends $$180,000$ for this program throughout the

current year. Rockford uses the GF for grants.

a$)$ Entry on date of grant award.

b$)$ Entry for spending made related to social media

awareness program.

c$)$ Entry for the $$180,000$ allowable expenditures submitted

to the Federal Government for reimbursement.

d$)$ Entry$($ies$)$ in preparation of year$-$end financial

statements.

Part B$.$ Assume the balances in the following fund balance

accounts exist after all activity in Rockford City has been posted

EXCEPT the entry$($ies$)$ from Part A that were necessary for

preparation of the year$-$end financial statements.

Unassigned Fund Balance $$700,000.$

Assigned Fund Balance $ $-0-.$

Committed Fund Balance $$-0-$

Non$-$spendable Fund Balance $$75,000.$

Restricted Fund Balance $$-0-.$

Requirement: Prepare the Fund Balance section for Rockford

City's partial financial statement with a proper heading. Show

all computations for full credit.