The City of Monroe Scholarship Foundation private-purpose trust fund had the following account balances on January 1, 2020: Debits Credits Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52,500 Accrued Interest Receivable . . . . . . . . . . . . . . . . . . 5,500 Investments in Corporate Bonds . . . . . . . . . . 750,000 Net position Held in Trust . . . . . . . . . 808,000 Totals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 808,000 808,000

Required: a. Open a general journal for the City of Monroe Community Foundation Trust Fund and record the following transactions for the year ending December 31, 2020: (1) On May 1, the first semiannual interest payment ($22,500) was received on the corporate bonds. The bonds pay 6 percent annual interest, semiannually on May 1 and November 1. (2) During the first half of the year, additional contributions from individuals and foundations amounted to $211,000, in cash. From these funds, $ 200,000 were invested in RST Corporation stock on June 15. (3) On November 1, the second semiannual interest payment ($22,500) was received from the investment in bonds. (4) On November 15, a dividend was declared by RST Corporation in the amount of $2,000 and was received in cash. (5) On December 1, RST Corporation stock was sold for $204,000 cash. Those funds were immediately invested in UVW Corporation stock. (6) On December 15, cash scholarships in the amount of $51,000 were made to various college students. (7) On December 31, an accrual was made for year-end interest on the corporate bonds. (8) Also, on December 31, it was determined that the market value of the corporate bonds, exclusive of accrued interest, was $ 752,100 and that the market value of UVW Company stock was $ 199,000.

Prepare Statement of Changes in Fiduciary Net position and Statement of Fiduciary Net position