The City of Richmond provides the following preclosing trial balance at December 31, 2016.

Debit Credit

Cash $ 371,000

Taxes receivable 113,000

Estimated revenues 1,290,000

Estimated other financing sources 60,000

Supplies 50,000

Encumbrance 50,000

General expenditure 1,115,000

Capital outlay 25,000

Principal and interest payments 10,000

Transfers out 20,000

Allowance for uncollectible taxes $ 45,000

Accounts payable 50,000

Property tax revenues 950,000

Ticket revenue 500,000

Transfers in 8,000

Bonds proceeds 50,000

Appropriations 1,085,000

Estimated other financing uses 22,000

Fund balance----unassigned 344,000

Fund balance----assigned 50,000

Totals $3,104,000 $3,104,000

13. By how much do the closing entries at the end of 2016 increase or decrease fund balanceunassigned?

1. $45,000 increase
2. $45,000 decrease
3. $95,000 decrease
4. $95,000 increase
5. $58,000 increase

14. What is the excess of revenues over expenditure reported on 2016's statement of revenues, expenditures and changes in fund balances?

1. $325,000.
2. $335,000.
3. $310,000.
4. $300,000
5. $327,000.