[The following information applies to the questions displayed below. As of December 31, 2019, Sandy Beach had $8800,000 in 4.0 percent serial bonds outstanding. Cash of $489,000 is the debt service fund's only asset as of December 31, 2019, and there are no liabilities. The serial bonds pay interest semiannually on January 1 and July 1, with $500,000 in bonds being retired on each interest payment date. Resources for payment of interest are transferred and the debt service fund levies property taxes in an amount sufficient to cover principal payments. from the General Fund, 4. Award: 3.60 polnts c. Prepare a balance sheet for the debt service fund as of December 31, 2020 SANDY BEACH Debt Service Fund Balance Sheet December 31, 2020 Assets Total Assets Deferred Inflows of Resources Fund Balances Total Deferred Inflows of Resources and Fund Balance References [The following information applies to the questions displayed below. As of December 31, 2019, Sandy Beach had $8800,000 in 4.0 percent serial bonds outstanding. Cash of $489,000 is the debt service fund's only asset as of December 31, 2019, and there are no liabilities. The serial bonds pay interest semiannually on January 1 and July 1, with $500,000 in bonds being retired on each interest payment date. Resources for payment of interest are transferred and the debt service fund levies property taxes in an amount sufficient to cover principal payments. from the General Fund, 4. Award: 3.60 polnts c. Prepare a balance sheet for the debt service fund as of December 31, 2020 SANDY BEACH Debt Service Fund Balance Sheet December 31, 2020 Assets Total Assets Deferred Inflows of Resources Fund Balances Total Deferred Inflows of Resources and Fund Balance References