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, $91,000; Taxes Receivable, $186,500; Accounts Payable, $50,750; and Fund Balance, $226,750. 2. The budget was passed. Estimated revenues amounted to $1,210,000 and appropriations totaled $1,207,800. All expenditures are classified as General Government. 3. Property taxes were levied in the amount of $905,000. All of the taxes are expected to be collected before February 2021. 4. Cash receipts totaled $875,000 for property taxes and $292,500 from other revenue. 5. Contracts were issued for contracted services in the amount of $91,750. 6. Contracted services were performed relating to $82,500 of the contracts with invoices amounting to $81,300. 7. Other expenditures amounted to $954,500. 8. Accounts payable were paid in the amount of $1,077,500. 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.