This year Riverside began work on an outdoor amphitheater and concession stand at the city's park. It is to be financed by a $5,200,000 bond issue and supplemented by a $670,000 General Fund transfer. The following transactions occurred during the current year: L The General Fund transterred $670,000 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 $4,400,000. 3. Preliminary planning and engineering costs of $86,000 were vouchered for the Great Pacific Engineering Company This cost had not been encumbered. 4. A payable was recorded for an $2700o 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 $1,850,000 was receved from Restin for progress to date on the project. 6. The $5,200,000 bonds were issued at par 7. The amount billed by the contractor (see Transaction 5) less 5 percent retained was paid. B. Temporary Investments were purchased at a cost of $1,970,000. 9. Closing entries were prepared as of year-end. Assume that $3,350,000 of the encumbrances outstanding will be paid from the bond proceeds and are therefore considered restricted resources. The remaining fund balance is assigned Required a Prepare journal entries to record the preceding information for the Park Building Capital Projects Fund. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)