Transfers out The pre-closing trial balance for the general fund of Lancaster Company at December 31, 2016 is given below. Debit Credit Cash $ 362,000 Taxes receivable 113,000 Estimated revenues 1,290,000 Estimated other financing sources 60,000 Expenditure 1,015,000 20,000 Capital Outlay 25,000 Debt service-principal 2,000 Debt service-interest 8,000 Allowance for uncollectible taxes $ 45,000 Accounts payable 50,000 Property tax revenues 950,000 Other revenues 400,000 Proceeds from bonds 50,000 Transfers in 8,000 Appropriations Estimated other financing uses 22,000 Fund balance ----unassigned 285.000 Totals $2,895,000 $2,895,000 1,085,000 What was fund balance-unassigned reported on 2016 balance sheet (after the closing entries)? Multiple Choice $285,000 O O $475,000 O O $425,000 O $380,000