The Village of Seaside Pines prepared the following General Fund Trial Balance as of December 31, 2020, the last day of its fiscal year. Control accounts are used for budgetary entries. Debits Accounts Payable Credits $ 19,000 Allowance for Uncollectible Taxes 12,000 Appropriations (Control) 490,000 Budgetary Fund Balance 9,000 Cash $ 175,000 Deferred Inflows-Property Taxes 38,000 Due from Capital Projects Fund 5,000 Due to Debt Service Fund 17,000 Encumbrances 63,000 Estimated Revenue (Control) 534,000 Estimated Other Financing Uses (Control) 35,000 General Government Expenditures 138,000 Other Revenues 55,000 Property Tax Revenue 491,000 Public Safety Expenditures 295,000 Budgetary Fund Balance- Reserve for Encumbrances 63,000 Supplies Inventory 24,000 Tax Anticipation Note Payable 100,000 Taxes Receivable 205,000 Transfer Out (to Internal Service Fund) 30,000 Fund Balance 140,000 Totals $1,469,000 $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.