The following information was available for the general fund of the City of Liverpool for the year ended December 31, 2017:

Revenues for the year included property taxes in the amount of $5,400,000; fines and forfeits in the amount of $700,000; sales taxes in the amount of $2,000,000; and miscellaneous revenues in the amount of $400,000.

Expenditures were as follows: general government, $5,100,000; public safety, $1,750,000; and culture and recreation, $942,000.

A transfer was made from the general fund to a debt-service fund in the amount of $500,000. A transfer was made from an enterprise fund to the general fund in the amount of $200,000.

A sale of park land was made during the year, which was considered infrequent but not unusual and under the control of management. The proceeds amounted to $400,000, and the land had a basis of $250,000 reported in the government-wide statement of net assets the year before.

The beginning fund balance is $150,000.

Required: Prepare a statement of revenues, expenditures, and changes in fund balances for the general fund for the City of Liverpool for the year ended December 31, 2017.