The following trial balance is taken from the General Fund of the City of Jennings for the year ending December 31, 2020. Accounts Payable Cash Contracts Payable Unavailable Revenues Due from Capital Projects Funds Due to Debt Service Funds Expenditures Fund Balance-Unassigned Investments Revenues Other Financing Sources-Bond Proceeds Other Financing Sources-Transfers In Other Financing Uses-Transfers Out Taxes Receivable Vouchers Payable Totals Debit Credit $ 90,000 $ 30,000 90,000 40,000 60,000 40,000 530,000 170,000 410,000 760,000 300,000 50,000 470,000 220,000 180,000 $1,720,000 $1,720,000 a. Prepare a condensed statement of revenues, expenditures, and other changes in fund balance. b. Prepare a condensed balance sheet. CITY OF JENNINGS GENERAL FUND Statement of Revenues, Expenditures, and Other Changes in Fund Balance (Condensed) Year Ending December 31, 2020 Other financing sources (uses): Total other financing sources and uses Change in fund balance Fund balance, beginning Fund balance, ending SA $ 0 0 $ 0 $ 0 Assets: Total assets Liabilities: Total liabilities Deferred inflows of resources: CITY OF JENNINGS GENERAL FUND Balance Sheet (Condensed) December 31, 2020 Total deferred inflows of resources Fund balances: $ 0 $ 0 $ 0 Total fund balance 0 Total liabilities, deferred inflows of resources, and fund balances $ 0