The City of Hoffman Acres began the year with a balance in its General Fund of $200,000. During the year, the fund raises $500,000 through the sale of bonds and brings in $1,000,000 in revenues. The fund's expenditures total $780,000. Transfers into the general fund are $80,000, and transfers out are $600,000. Within the fund financial statements, what is the ending balance for the year for the General Fund? a. ($100,000) b. $220,000 c. $200,000 d. $400,000