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, $96,000; Taxes Receivable, $194,000; Accounts Payable, $54,500; and Fund Balance, $235,500.
2. The budget was passed. Estimated revenues amounted to $1,260,000 and appropriations totaled $1,256,800. All expenditures are classified as General Government.
3. Property taxes were levied in the amount of $930,000. All of the taxes are expected to be collected before February 2021.
4. Cash receipts totaled $900,000 for property taxes and $305,000 from other revenue.
5. Contracts were issued for contracted services in the amount of $100,500.
6. Contracted services were performed relating to $90,000 of the contracts with invoices amounting to $87,800.
7. Other expenditures amounted to $977,000.
8. Accounts payable were paid in the amount of $1,115,000.
9. The books were closed.

Required A Required B Required C Prepare a Balance Sheet for the General Fund assuming there are no restricted or assigned n encumbrances are committed by contractual obligation. (Leave no cells blank - be certain to axes ReceivableGross 194,000 Total Assets $ 380,000 Liabilities, Deferred Inows, and Fund Balances Liabilities: Accounts Payable $ 4,300 Total Liabilities 4,300 Fund Balances: Nonspendable Total Fund Balances 0 Total Liabilities, Deferred Inows, and Fund Balances $ 4,300