Salalah City administration authorizes the construction of a building complex that will be financed from the local and state governments. The trial balance for the capital project fund on December 31,2019 is given below. Building Complex Capital Project Fund Trial balance as on December 31, 2019 Particulars Debit(OMR) Credit(OMR) Interest Receivable Certificates of Deposits 80,000 6,400,000 Page 8 of 10 Encumbrances Expenditures Cash Transfer to Debt Service fund Due from State Government 7,680,000 9,600,000 1.920,000 640,000 1.600.000 Grand Revenue Bond Issue Proceeds Interest Revenue Reserve for Encumbrances Vouchers payable 6,400,000 13,440,000 80,000 7,680,000 320,000 27,920,000 27,920,000 Required: i. Prepare a statement of revenues, expenditure and changes in fund balance. ii. Prepare closing entries for the year ended December 31, 2019 iii. Prepare Balance sheet as on December 31, 2019