Shown below is a partially completed balance sheet for the general fund of Cardinal County. What needs to be completed is the Fund balance section. Remember, fund balance is the net worth (equity) of the balance sheet for a governmental entity. In effect, it is the "stockholders" equity" of a state and local government. Furthermore, fund balance is divided into two major categories: Reserved and Unreserved. To make things worse, Unreserved is divided into three sub-categories: Assigned (also can be named "Committed" or "Designated), Restricted, and Unassigned (or "free" fund balance). Hey don't get mad at me, I didn't make these rules! Using the information provided below, complete the fund balance section of the balance sheet, using the categories described above. Please remember that the supplies and prepaid expenses compose one of the categories. Additional information: (1) a portion of the fund balance is associated with a state grant in which $6,800 was received and required to be set aside school crossing signs that will be placed at busy intersections. (2) a portion of the fund balance is associated with Cardinal County's board of commissioners requiring that $8,000 be set aside to erect benches at bus stop locations. Assets Cardinal County General Fund, Balance Sheet June 30, Year 2 Cash $ 20,000 Taxes receivable 38,000 Supplies 2,500 Prepaid expenses 1,600 Total assets 62,100 Deferred outflows 3,600 Total assets and deferred outflows $ 65,700 Liabilities Vouchers payable Salaries payable Unearned property taxes Total liabilities Deferred inflows Total liabilities and deferred inflows Fund balance Total fund balance $ 2,900 4,000 1,100 8,000 1,200 9,200 56,500 Total liabilities, deferred inflows and fund balance $ 65,700