The City of Rio Rancho adopted the following budget for the calendar year 2020: Revenues: Property taxes Miscellaneous revenues Appropriations: General government salaries Public safety salaries Public safety supplies Culture and recreation salaries and supplies Required: $8,000,000 700,000 During the year the City decided to hold a special cultural event, which caused a need for additional police presence. To pay for the additional costs, the City Council revised the budget as follows: the appropriation for public safety salaries was increased by $30,000; the appropriation for culture and recreation salaries and supplies was increased by $25,000, and the appropriation for public safety supplies was decreased by $28,000. At the same time, because the event was expected to yield revenues, the Council increased estimated miscellaneous revenues by $20,000. a. b. 1,500,000 5,400,000 300,000 1,700,000 Prepare the general journal entry to record the budget. Prepare the general journal entry to record the budget revision.