The following transactions relate to the General Fund of the City of Buffalo Falls for the year ended December 31, 2015: Beginning balances were: Cash, $100,000; Taxes Receivable, $175,000; Accounts Payable, $50,000; and Fund Balance, $225,000. The budget was passed. Estimated revenues amounted to $2,000,000 and appropriations totaled $ 1,980,000. All expenditures are classified as General Government. Property taxes were levied in the amount of $ 1,200,000. All of the taxes are expected to be collected before February 2016. Cash receipts totaled $1,200,000 for property taxes and $620,000 from other revenue. Contracts were issued for contracted services in the amount of $900,000. Contracted services were performed relating to $810,000 of the contracts with invoices amounting to $800,000. Other expenditures amounted to $950,000. Accounts payable were paid in the amount of $1,700,000. The books were closed. Required: Prepare journal entries for the above transactions. Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the General Fund. Prepare a Balance Sheet for the General Fund assuming there are no restricted or assigned net resources and outstanding encumbrances are committed by contractual obligation