The following transactions relate to the General Fund of the City Buffalo Falls for the year ended December 31, 2020: 1. Beginning balances were: Cash, $94,000; Taxes Receivable, $191,000; Accounts Payable, $53,000; and Fund Balance, $232,000. 2. The budget was passed. Estimated revenues amounted to $1,240,000 and appropriations totaled $1,237,200. All expenditures are classified as General Government. 3. Property taxes were levied in the amount of $920,000. All of the taxes are expected to be collected before February 2021. 4. Cash receipts totaled $890,000 for property taxes and $300,000 from other revenue. 5. Contracts were issued for contracted services in the amount of $97,000. 6. Contracted services were performed relating to $87,000 of the contracts with invoices amounting to $85,200. 7. Other expenditures amounted to $968,000. 8. Accounts payable were paid in the amount of $1,100,000. 9. The books were closed. Required: a. Prepare journal entries for the above transactions. b. Prepare a statement of Revenues, Expenditures, and Changes in Fund Balance for the General Fund. c. 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