The City of St. John operates an investment trust fund for neighboring governments, including St. John County and the independent school district. Assume the investment trust fund began the year 2020 with investments in U.S. government securities totaling $1,200,000, no liabilities, and Restricted Net Position of $1,200,000. Required: a. Record the following transactions on the books of the Civic Scholarship Fund: 1. The County and school district deposited $3,400,000 in the investment pool. 2. The investment trust fund invested $1,000,000 in corporate bonds and $2,400,000 in US government securities. 3. Interest received by the investment trust fund totaled $50,000 for the year. 4. At year-end, the fair value of the corporate bonds had increased by $4,000