This year Riverside began work on an outdoor amphitheater and concession stand at the citys park. It is to be financed by a $3,900,000 bond issue and supplemented by a $540,000 General Fund transfer. The following transactions occurred during the current year:

1. The General Fund transferred $540,000 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 $3,100,000.
3. Preliminary planning and engineering costs of $73,000 were vouchered for the Great Pacific Engineering Company. (This cost had not been encumbered.)
4. A payable was recorded for an $20,500 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 $1,200,000 was received from Restin for progress to date on the project.
6. The $3,900,000 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 $1,840,000.
9. Closing entries were prepared as of year-end. Assume that $2,700,000 of the encumbrances outstanding will be paid from the bond proceeds and are therefore considered restricted resources. The remaining fund balance is assigned.

Required

1. 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.)

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

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