The citizens of Spencer County approved the issuance of $2,014,000 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:

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.

\begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ SPENCER COUNTY } \\ \multicolumn{2}{|c|}{ Courthouse Annex Capital Projects Fund } \\ \hline \multicolumn{2}{|c|}{ As of December 31, 2020 } \\ \hline Assets & \\ \hline Cash & \\ \hline Due from other Governments & \\ \hline & \\ \hline Total Assets & $ \\ \hline Liabilities and Fund Balances & \\ \hline Liabilities & \\ \hline Contracts Payable & \\ \hline & \\ \hline Total Liabilities & \\ \hline Fund Balances & \\ \hline Restricted for: & \\ \hline Courthouse Annex & \\ \hline & \\ \hline Total Fund Balances & \\ \hline \end{tabular} Required B