The following transactions relate to the General Fund of the City of Buffalo Falls for the year ended December $31,2020$:

Beginning balances were: Cash, $$110,000$; Taxes Receivable, $$215,000$; Accounts Payable, $$65,000$; and Fund Balance, $$260,000.$

The budget was passed. Estimated revenues amounted to $$1,400,000$ and appropriations totaled $$1,394,000.$ All expenditures are classified as General Government.

Property taxes were levied in the amount of $$1,000,000.$ All of the taxes are expected to be collected before February $2021.$

Cash receipts totaled $$970,000$ for property taxes and $$340,000$ from other revenue.

Contracts were issued for contracted services in the amount of $$125,000.$

Contracted services were performed relating to $$111,000$ of the contracts with invoices amounting to $$106,000.$

Other expenditures amounted to $$1,040,000.$

Accounts payable were paid in the amount of $$1,204,000.$

The books were closed. 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.$\backslash$table$[[$CITY OF BUFFALO FALLS$],[$Balance Sheet$],[$As of December $31,2020],[$Cash$,$$$216,000$