The citizens of Spencer County approved the issuance of $2,034,000 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 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 Debits $ 921,000 Credits $ 564,000 218,000 121,000 1,867,000 408,000 70,000 2,034,000 121,000 70,000 $3,197,000 $3,197,000 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. Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare any closing entries necessary at year-end. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the closing entry to transfer revenue and expenditure to fund balance. Note: Enter debits before credits. Event a1. General Journal Debit Credit Record entry Clear entry View general journal