The City of Batavia ordered new computer equipment for $30,000 on November 3, 20X2. The equipment had not been received by December 31, 20X2, Batavia's fiscal year-end. Required: a. Assume that the city has a policy that outstanding encumbrances lapse at year-end. Note: If no entry is required for a transaction/event, select "No Journal entry required" In the first account field.1 Record the entry for the equipment order and encumbrances in 20X2. 2 Record the entry to close the remaining budgeted encumbrances in 20X2. 3 Record the entry to reserve the actual fund balance for the outstanding encumbrances at year-end in 20X2, 4 Record the entry to reverse the prior-year encumbrance reserve in 20*3. 5 Record the entry to establish the budgetary control over the encumbrances renewed from the prior year in 20X3.6 Record the entry to remove the budgetary reserve for the goods received in 20X3. 7 Record the expenditure for the goods received at the actual cost in 20X3. B Record the entry to close the 20X3 expenditures account