The City of Pleasant Valley adopted the following budget for its general fund for the upcoming fiscal year. Estimated revenues: Taxes $5,000,000 Intergovernmental revenues 1,000,000 Licenses and permits 400,000 Fines and forfeits 150,000 Miscellaneous revenues 100,000 Total estimated revenues $6,650,000 Appropriations: General government $2,000,000 Public safety 2,200,000 Public Works 950,000 Health and welfare 850,000 Miscellaneous 50.000 Total appropriations $5,950,000 a. Prepare a summary general journal entry to record the adopted budget at the beginning of FY 2017. Ignore the subsidiary ledger accounts. b. Use the following to make an entry for purchases. Ignore subsidiary ledger accounts. General government $150,000 Public safety 100,000 Public works 75,000 Health and welfare 65,000 Miscellaneous 10,000 Total $400,000 a. Use the following to calculate the year- end balances for the Fund Balance. Show your work. i. Estimated Revenues $2,150,000 ii. Revenues 2,190,000 iii. Appropriations 2,185,000 iv. Expenditures 3,175,000 V. Beginning unassigned fund balance 500,000 credit vi. Budgetary fund balance after the budget was recorded was $30,000