The citizens of Spencer County approved the issuance of $2,004,000 in 6 percent general obligation bonds to finance the construction of a courthouse annex. A capital projects fund was established for that purpose. The preclosing trial balance of the courthouse annex capital project fund follows:

Trial BalanceDecember 31, 2017	Debits				Credits
Cash	$	906,000
Contract payable					$	550,000
Due from state government		189,000
Encumbrances		106,000
Expenditurescapital		1,852,000
Intergovernmental grant						393,000
OFS: premium on bonds						55,000
OFS: proceeds sale of bonds						2,004,000
Budgetary fund balance Reserve for encumbrances						106,000
OFU: Transfer out		55,000
	$	3,108,000			$	3,108,000

Required: a. Prepare any closing entries necessary at year-end. b. Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the courthouse annex capital project fund. c. Prepare a Balance Sheet for the courthouse annex capital project fund, assuming all unexpended resources are restricted to construction of the courthouse annex.