The Village of Seaside Pines prepared the following General Fund Tral Balance as of December 31, 2020, the last day of Its fiscal year. Control accounts are used for budgetary entries. Accounts Payable Allowance for Uncollectible Taxes Appropriations (Control) Budgetary Fund Balance Cash Deferred Inflows - Property Taxes Due from Capital Projects Fund Due to Debt Service Fund Encumbrances Encumbrances Estimated Revenue (Control) Estimated Other Financing Uses (Control) General Government Expenditures Other Revenues Property Tax Revenue Public Safety Expenditures Budgetary Fund Balance - Reserve for Encunbrances Supplies Inventory Tax Anticipation Note Payable Taxes Receivable Transfer Out (to Internal Service Fund) Fund Balance Totals Debits Credits 19,000 12,600 490, een 9,00 $ 175,000 38,888 5, eee 17,eee 63,000 534,890 35, ece 138,eee 55.ece 491,000 295, eee 63,00 24.ee 160.000 205,000 38, Bee 140,000 $1,469,800 $1,469,000 1. Prepare the closing entries for December 31. (It is not necessary to use control accounts and subsidiary ledgers.) 2. Prepare the Statement of Revenues. Expenditures, and Changes in Fund Balance for the General Fund for the year ended December 31 3. Prepare the Fund Balance section of the December 31 Balance Sheet assuming there are no restricted or committed net resources and the outstanding encumbrances are for capital additions