what's the correct answer for additional investment earning- interest and Fiduciary Net Position: Restricted for Community Nonprofit Organizations. also can you complete "require B2

On July 1, 2019. the City of Belvedere accepted a gift of cash in the amount of $3.500.000 from a number of individuals and foundations and signed an agreement to establish a private-purpose trust. The $3.500.000 and any additional gifts are to be invested and retained as principal. Income from the trust is to be distributed to community nonprofit groups as directed by a Board consisting of city officials and other community leaders. The agreement provides that any increases in the market value of the principal investments are to be held in trust: if the investments fall below the gift amounts, then earnings are to be withheld until the principal amount is re- established. The following events and transactions occurred during the fiscal year ended June 30, 2020. Record them in the Belvedere Community Trust Fund: 1. On July 1. the original gift of cash was received. 2. On August 1. $2.500.000 in XYZ Company bonds were purchased at par plus accrued interest ($41.667). The bonds pay an annual rate of 5 percent interest semiannually on April 1 and October 1. 3. On August 2. $900.000 in ABC Company common stock was purchased. ABC normally declares and pays dividends semiannually. on January 31 and July 31. 4. On October 1, the first semiannual interest payment ($62,500) was received from XYZ Company. Note that part of this is for accrued interest due at the time of purchase the remaining part is an addition that may be used for distribution. 5. On January 31, a cash dividend was received from ABC Company in the amount of $25,000. 6. On March 1, the ABC stock was sold for $921,000. On the same day. DEF Company stock was purchased for $945.000. 7. On April 1, the second semiannual interest payment was received from XYZ Company. 8. During the month of June, distributions were approved by the Board and paid in cash in the amount of $82,500. 9. Administrative expenses were recorded and paid in the amount of $5,500. 10. An accrual for interest on the XYZ bonds was made as of June 30, 2020. 11. As of June 30, 2020, the fair value of the XYZ bonds, exclusive of accrued interest, was determined to be $2.503.000. The fair value of the DEF stock was determined to be $941.000. 12. Closing entries were prepared. Required: a. The above events and transactions occurred during the fiscal year ended June 30, 2020. Record them in the Belvedere Community Trust Fund. b. Prepare (1) a Statement of Changes in Fiduciary Net Position for the Belvedere Community Trust Fund and (2) a Statement of Fiduciary Net Position Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B1 Required B2 Answer is not complete. 1 nplete this question by entering your answers in the tabs below. fired A Required B1 Required B2 bove events and transactions occurred during the fiscal year ended June 30, 2020. Record them in the Belvedere nunity Trust Fund. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first int field.) Transaction General Journal Credit Debit 3.500.000 01 Cash 00 Additions-Contributions 3,500,000 02 Investment in XYZ Company Bonds Accrued Interest Receivable Cash Solo 2,500,000 41.667 2.541.667 03 900,000 Investment in ABC Company Stock Cash 00 900.000 | 04 62,500 Cash Accrued Interest Receivable Additions-Investment Earnings-Interest solo 41.667 20.833 05 25,000 > Cash Additions-Investment Earnings-Dividends 25,000 Ba 921,000 Cash Investment in ABC Company Stock AdditionsInvestment EarningsNet Increase(decrease) in Fair Value of Inve 900.000 21,000 6b 945,000 Investment in DEF Company Stock Cash 945,000 07 62,500 0 Cash AdditionsInvestment Earnings-Interest 62,500 08 DeductionsDistributions to Nonprofit Organizations > 82,500 08 DeductionsDistributions to Nonprofit Organizations 82,500 > > Cash 82.500 09 5,500 > Deductions-Administrative Expenses Cash 00 5,500 10 31.250 Accrued Interest Receivable Additions-Investment Earnings-Interest 00 31,250 11 3.000 Investment in XYZ Company Bonds Additions-Investment EarningsNet Increase(decrease) in Fair Value of Invest Investment in DEF Company Stock 1,000 4,000 12 3,500,000 114,583 25,000 Additions-Contributions Additions-Investment Earnings-Interest AdditionsInvestment EarningsDividends Additions-Investment Earnings-Net Increase(decrease) in Fair Value of Invesiva Deductions-Administrative Expenses DeductionsDistributions to Nonprofit Organizations Fiduciary Net Position: Restricted for Community Nonprofit Organizations 00 000 20.000 5,500 82,500 3.751,583 Answer is not complete. Complete this question by entering your answers in the tabs below. Required a Required B1 Required B2 Prepare a Statement of Fiduciary Net Position. CITY OF BELVEDERE Statement of Fiduciary Net Position Community Trust Fund As of June 30, 2020 Assets is 61,500 X Cash Accrued Interest Receivable 30,000 $ 91,500 Total Assets Liabilities and Fund Equity Liabilities Total Liabilities Fiduciary Net Position Restricted for Private Purpose Total Net Position is 0