The city of Wesley adopted the modified approach for reporting its roads and bridges. The city met the GAAP requirements for having an asset management system, making periodic assessments, and estimating the annual amount needed to maintain the roads and bridges. The following information is available: 1. At December 31, 2021, the city's infrastructure assets had an acquisition value of $11,600,000. Because the city retroactively adopted the modified approach, no accumulated depreciation is reported. 2. The city had $1,845,000 of preservation expenditures in 2022. 3. The city paid $725,000 to contractors in 2022 to add two additional lanes to its 49th Street bridge. a. Prepare journal entries to record the above transactions and events in the city's governmental funds. If no entry is necessary, select 'No debit (or credit) entry needed' in the account fields and enter 0 in the amount fields. Account 1. To record pre-2022 acquisition value of infrastructure assets. 2. To record cost of infrastructure preservation in 2022. 3. To record cost of bridge improvements in 2022. V < Debit Credit b. Prepare journal entries to record entries needed for government-wide statements. If no entry is necessary, select 'No debit (or credit) entry needed in the account fields and enter 0 in the amount fields. Account 1. To record pre-2022 acquisition value of infrastructure assets. 2. To record cost of infrastructure preservation in 2022. 3. To record cost of bridge improvements in 2022. < Debit Credit