The City of Monroe Police Department pension plan, a single-employer, defined-bent plan, reported the following account balances as of January 1.2015:Member contributions were received in the amount of $400,000. The City General Fund contributed the same amount. Interest was received in the amount of $386, 900. including the accrued interest receivable at the beginning of the >ear. The interest accrual at year end amounted to $86,000. During the year, common stock dividends amounted to $125,000. Investments were made during the year in common stock in the amount of $575,000. Annuity benefits in the amount of $377, 400. disability benefits of $ 82.020 and refunds to no vested terminated employees of $39, 800 were recorded as liabilities. Accounts payable, in the amount of $507, 500, were paid in cash. During the year, common stock valued at $505,000 was sold for $506, 800. A portion of these funds. $502,000 were invested in common stock of a different company. At year -end. the market value of investments in bonds increased by $12, 750; the market value of investments in stocks decreased by $5, 770. Post the entries to the Police Department Pension Trust ledger (t -accounts). Prepare and post an entry closing all nominal accounts to Net Assets