The Budgetary Schedule of Al-Marfa Power Station Variance Budget Actual Favorable/ Unfavorable Revenues: Tax Revenues $2,500,000 $2,400,000 X Charges for services 500.000 X 100.000 Total revenues X X X Expenditures: Administrative expenditure X 400,000 100,000 F Materials and supplies 800,000 100,000 U Health services X 600.000 200.000 Total expenditures X X X Excess (Deficit) X X 200,000 F Fund balance - Beginning X 500.000 Fund balance - Ending X X Required (1) From the budget, actual, and variance columns above, you are required to Compute the missing amounts that are marked by D) and indicate whether the variance is favorable or not (8.5 marks) i. Journalize the budgetary testimated transactions (25 mars (2) Explain the basis of recognizing revenues and expenditure of the general funds 12 marks! (3) Explain the bases on which assets and abilities are reported in the government-wide financial statements. MacBook Air S 4 h 6 7