The following transactions relate to the General Fund of the City of Buffalo Falls for the year ended December 31. 2020. 1. Beginning balances were Cash, 398,000 , Taxes Receivable, $197,000. Accounts Payable, $56,000; and Fund Balance, $239,000. 2. The budget was passed. Estimated revenues amounted to $1,280,000 and appropriations foraled $1,276.400. All expenditures are classified as General Government. 3 Property taxes were leved in the amount of $940.000 All of the taxes are expected to be collected before February 2021. 4. Cash receipts totaled $910.000 for property taxes and $310.000 from other revenue 5. Contracts were issued for contracted services in the amount of $104.000 6. Contracted services were performed relating to $93,000 of the contracts with invaices amounting to $90.400 7 Other expenditures amounted to $986,000 8. Accounts payable were paid in the amount of $1.130,000. 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 netresources and outstanding encumbrances are committed by contractual obligation