The Ciry of Waterman estabilshed a capital projects fund for the construction of an access ramp from the parking garage to the city's office bullding to be used by individuals with disabilities. The estimated cost of the ramp is $219,000. On January 1 . 20x2, a to percent, $156,000 bond issue was sold at 103 with the premium transferted to the debt service fund. At that date, the county board provided a was completed on August 8, 202. its actual cost city council awarded a construction contract for $172.000 on Apri 5 , 202. The ramp $179.000. In addition to the $179.000, the ramp was carpeted with a city council approved payment of the total actual cost of city council gave the final approval to pay for the ramp and with all-weather material at a cost of 56,310 , On November 3 . 20X2, the transferred to the debt service fund The City of Waterman established a debt service fund to account for the financlal resources used to service the bonds issued to finance the ramp is $219,000. The 10 percent, $156,000 bond issue was sold at 103 on January 1,202 it is a 10 -year serlal bond Issue. The resources to pay the interest and annual principal will be from a property tax levy. Additional Information: 1. The operating budget for 202 inciuded estimated revenue of $37,000. Budgeted approprtations included $15,600 for principai. $15,600 for interest, and $4,200 for other items. The budget also included an estimated transfer in of $5,800 from the capital projects fund. 2. The property tax levy was for $42,800 and an allowance for uncollectubles of $4,200 was estabinshed: Collectionis totaled $36.900. The remaining taxes were reclassified as delinquent and the allowance was reduced to $1700. The bond premium was recelved from the capital projects fund. 3. The current portion of the serlal bonds and the interest due this year were recorded and paid. Other expenses charged to the debt service fund totaled $1,720, of which $1,210 was paid 4. The nominal accounts were closed. Required: a. Prepare entries for the debt service fund for 202. b. Prepare a balance sheet for the debt service fund as of December 31,202. c. Prepare a statement of revenues, expenditures, and changes in fund balance for the debt service fund for 202 Complete this question by entering your answers in the tabs below. Prepare entries for the debt service fund for 202. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first, account field