Refer to the preclosing trial balance in Exercise 17-10. Assume that the balances on December 31, 20X0,

Question:

Refer to the preclosing trial balance in Exercise 17-10. Assume that the balances on December 31, 20X0, were as follows:
Fund Balance—Assigned for Encumbrances ... $28,000
Fund Balance—Unassigned ......... 91,000

Required
Prepare a general fund–only statement of revenues, expenditures, and changes in fund balance for fiscal 20X1.