The citizens of Spencer County approved the issuance of $2,036,000 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: Texal balance December 31, 2020 Debits Credits Cash $ 922,000 Contract payable $565, eee Due fron state government 220,cee Encumbrances 122.000 Expenditures-capital 1,868,000 Intergovernmental grant 409,000 OF 51 premium on bonds 71,00 OFS: proceeds sale of bonds 2,036,000 Budgetary fund balance-Reserve for encubrances 122,00 OFU: Transfer out 71,000 $3,203,000 $3,203,000 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