The preclosing trial balance at December 31, 20X1, for Lone Wolf's general fund follows Debit Credit $95,000 116,500 Cash Property Taxes Receivable-Delinquent Allowance for Uncollectibles-Delinquent Due from Other Funds Vouchers Payable Due to Other Funds Fund Balance-Unassigned Property Tax Revenue Miscellaneous Revenue Expenditures Other Financing Uses-Transfer Out Estimated Revenues Control Appropriations Control Estimated Other Financing Uses-Transfer Out encumbranceS Budgetary Fund Balance-Assigned for Encumbrances Budgetary Fund Balance-Unassigned Total 7,400 14,800 70,000 8,900 118,000 1,145,000 35,000 1,140,000 18,000 1,208,000 1,150,000 18,000 37,000 37,000 40,000 $2,629,300 $2,629,300 Lone Wolf uses the purchase method of accounting for inventories and the lapsing method of accounting for encumbrances Assume that the balances on December 31, 20XO, were as follows: Fund Balance-Assigned for Encumbrances Fund Balance-Unassigned $27,000 91,000 Required: Prepare a general fund-only statement of revenues, expenditures, and changes in fund balance for fiscal 20X1. (Amounts to be deducted should be indicated with a minus sign.) LONE WOLF General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance For the Fiscal Year Ended December 31, 20X1 Revenue Other Financing Sources (Uses): Fund Balance, January 1, 20X1 Fund Balance, December 31, 20X1