The City of Warren's General Fund had the following after-closing trial balance at April 30, 2001, the end of its fiscal year: During the six months ended October 31, 2001, the first six months of fiscal year 2002 , the following transactions, in summary form, with subsidiary ledger detail omitted, occurred: 1. The budget for fiscal 2002 provided for General Fund estimated revenues totaling $3,170,000 and appropriarions toraling $3,100,000. 2. The City Council authorized a temporary loan of $300,000 in the form of a 120-day tax anticipation note. The loan was obtained from a local bank at a discount of 6 percent per annum (debit Expenditures for discount). 3. The property tax levy for fiscal 2002 was recorded. Net assessed valuation of taxable property for the year was $43,000,000, and the tax rate was $5.00 per hundred. It was estimated that 4 percent of the levy would be uncollectible. Classify this tax levy as current. 4. Purchase orders, contracts, and so on, in the amount of $1,027,000 were issued to vendors and others. 5. $1,034,000 of current taxes, $340,000 of delinquent taxes, and interest and penalties of $13,240 were collected. Because of taxpayers' delinquencies in payment of the first installment of taxes, additional penalties of $15,230 were levied but not yet collected. 6. Total payroll during the first six months was $481,070. Of that amount, $36,800 was withheld for employees' FICA tax liability, $61,200 for employees' federal income tax liability, and $20,000 for state caxes; the balance was paid in cash. 7. The employer's FICA tax liability amounted to $36,800. 8. Revenues from sources other than taxes were collected in the amount of $339,000. 9. Amounts due the federal government as of April 30 , and amounts due for FICA taxes and state and federal withholding taxes during the first six months of fiscal 2002, were vouchered. 10. Purchase orders and contracts encumbered in the amount of $890,800 were filled at a net cost of $894,900, which was vouchered. 11. $1,099,060 cash was paid on vouchers payable and credit for purchases discount earned was $8,030 (credit Expenditures). 12. The tax anticipation note of $300,000 was repaid. Required a. Record in general journal form the effect on the General Fund and governmental activities of the transactions for the six months ended October 31. You need not record subsidiary ledger debits and credits. b. Prepare a City of Warren General Fund Interim Balance Sheet as of October 31, 2001