This year Riverside began work on an outdoor amphitheater and concession stand at the citys park. It is to be financed by a $4,100,000 bond issue and supplemented by a $560,000 General Fund transfer. The following transactions occurred during the current year: 1. The General Fund transferred $560,000 to the Park Building Capital Projects Fund. 2. A contract was signed with Restin Construction Company for the major part of the project on a bid of $3,300,000. 3.Preliminary planning and engineering costs of $75,000 were vouchered for the Great Pacific Engineering Company. (This cost had not been encumbered.) 4.A payable was recorded for an $21,500 billing from the Water and Sewer enterprise fund for the cost of extending water pipes to the new concession stand. 5.An invoice in the amount of $1,300,000 was received from Restin for progress to date on the project. 6.The $4,100,000 bonds were issued at par. 7. The amount billed by the contractor (see Transaction 5) less 5 percent retained was paid. 8.Temporary investments were purchased at a cost of $1,860,000. 9. Closing entries were prepared as of year-end. Assume that $2,800,000 of the encumbrances outstanding will be paid from the bond proceeds and are therefore considered restricted resources. The remaining fund balance is assigned.

a Prepare journal entries to record the preceding information for the Park Building Capital Projects Fund.

b. Prepare a balance sheet for the Park Building Capital Projects Fund as of year-end.

c. Prepare a statement of revenues, expenditures, and changes in fund balances for the period.