The following transactions relate to the General Fund of the City of Buffalo Falls for the year ended December 31, 2020 1 100 points 1 Beginning balances were: Cosh, 598,000, Toxes Receivable, S197000, Accounts Payable, $56,000, and Fund Balance, $239,000 2. The budget was passed. Estimated revenues amounted to $1280.000 and appropriations totaled $1276,400. All expenditures are classified as General Government 3 Property taxes were levied 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 invoices amounting to $90,400 7. Other expenditures amounted to $986,000 8. Accounts payable were paid in the amount of S1130,000 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