The city of sharpesburg recieved a gift of 1800000 from a local resident on june 1 2020 and signed an agreement that the funds would be invested permanently and that the income would be used to maintain the city wildlife preserve and nature center. The following transactions took place during the year ended December 31, 2020:

1.) The gift was recorded on june 1.

2.)One june 1, abc company bonds were purchased as investments in the amount of 1800000. the bonds carry an annual interest rate of 3.5 percent payable seminannually on december 1 and june1.

3.)on december 1 through december 31, 28,900 in maintenance costs were incurred; full payment was made in cash.

4.)from december 1 through december 31. 28900 in maintenance costs were incurred; full payment was made in cash.

5.)On december 31, an accrual was made for interest.

6.)Also on december 31, a reading of the financial press indicated that the abc bonds had a fair value of 1810000, exclusive of accrued interest.

7.)books were closed

required:

a.)prepare the transactions on the books of the wildlife preserve permanent fund.

b.)prepare a statement of revenues, expenditures, and changes in fund balances for the wildlife preserve permanent fund for the year ended december 31 2020.

c.)how would the permanently invested resources be classified in the fund balance section of the governmental funds balance sheet and net position section of the government wide statement of net position?