The following is the preclosing trail balance of ellwood city at the end of fiscual year 2016. Assume that at the bginning of the year no encumbrances were outstanding. Prepare in correct form the statement of rev, exp and changes in fund balance, and budgetary comparison schedule.

Ellwood City General Fund Preclosing Trial Balance December 31,2016 Debits Credits Cash Marketable securities Property taxes receivable Allowance for uncollectible property taxes Sales taxes receivable Due from state government Supplies invento Vouchers payable Due to other funds Advances from other funds Encumbrances--contractual services Fund balance reserved for supplies inventory (Nonspendable) Unassigned fund balan Budgetary fund balance reserved for encumbrances Budgetary fund balance Estimated revenues--property taxes Estimated revenues--sales taxes Estimated revenues--charges for services Estimated revenues--fines and forfeits Estimated revenues--federal grants Estimated transfer in from Enterprise Fund Appropriations--salaries Appropriations--contractual services Appropriations--materials and supplies Appropriations--capital equipment Appropriations--transfer out to Debt Service Fund Revenues--property taxes Revenues--sales taxes Revenues-charges for services Revenues--fines and forfeits Revenues-federal grants Transfer in from Enterprise Fund Expenditures--salaries Expenditures--contractual services Expenditures--materials and supplies Expenditures--capital equipment Transfer out to Debt Service Fund 26,940 60,000 42,630 21,600 10,200 19,200 8,400 14,730 16,080 42,000 12,000 8,400 25,200 12,000 25,800 150,000 87,600 16,800 10,200 12,000 36,000 128,400 32,400 18,000 84,000 24,000 141,000 88,320 14,880 10,680 12,000 42,000 126,240 18,000 18,360 82,920 24,000 761,490 761,490