The following account balances, among others, were included in the preclosing trial balance of the General Fund of the City of Madison on December 31, 2021.

Appropriations ............................................................... $3,550,000

Cash .................................................................................. 265,000

Due to Other Funds ......................................................... 100,000

Due from Other Funds .................................................... 250,000

Encumbrances ................................................................. 365,000

Estimated Revenue .......................................................... 3,712,000

Expenditures ..................................................................... 3,020,000

Expenditures2020 ......................................................... 296,000

Fund BalanceAssigned (Encumbrances) ..................... 692,000*

Revenue 3,656,000

Taxes Receivable 600,000

Transfers from Other Funds ........................................... 300,000

Transfers to Other Funds ................................................ 545,000

Fund BalanceUnassigned ............................................ 362,000

Vouchers Payable ............................................................ 400,000

* $320,000 are for encumbrances from 2020

Required:

A. Prepare the pre-closing trial balance and the closing entries for 12/31/21

B. Prepare the balance sheet for 12/31/21

C. Prepare the statement of revenues, expenditures, and changes in fund balance for 12/31/21