The citizens of Spencer County approved the issuance of $2,026,000 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: Credits Debits $ 917,000 $ 560,000 Trial Balance-December 31, 2020 Cash Contract payable Due from state government Encumbrances Expenditures-capital Intergovernmental grant OFS: premium on bonds OFS: proceeds sale of bonds Budgetary fund balance-Reserve for encumbrances OFU: Transfer out 210,000 117,000 1,863,000 404,000 66,000 2,026,000 117,000 66,000 $3,173,000 $3,173,000 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