The following transactions relate to the General Fund of the City of Buffalo Falls for the year ended December 31, 2017: Beginning balances were: Cash, $95,000; Taxes Receivable, $192,500; Accounts Payable, $53,750; and Fund Balance, $233,750. The budget was passed. Estimated revenues amounted to $1,250,000 and appropriations totaled $1,247,000. All expenditures are classified as General Government. Property taxes were levied in the amount of $925,000. All of the taxes are expected to be collected before February 2018. Cash receipts totaled $895,000 for property taxes and $302,500 from other revenue. Contracts were issued for contracted services in the amount of $98,750. Contracted services were performed relating to $88,500 of the contracts with invoices amounting to $86,500. Other expenditures amounted to $972,500. Accounts payable were paid in the amount of $1,107,500. 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.