$220.$ Fund Balance Classifications. $($LO$2-3)$ Section A provides a list of the results of Allentown$$s analysis of its governmental fund balances at its fiscal year end. Section B provides a list of the possible classifications for reporting the items listed in Section A$.$ Section A $\_\_\_\_\_1.$ At year$-$end a special revenue fund has a $$50,000$ fund balance on which there are no constraints. $\_\_\_\_\_2.$ Allentown has a $$1,000,000$ emergency reserve fund it set aside. According to the town ordinance, funds can only be used from this fund with approval of two$-$thirds of the governing body, which is the town council. $\_\_\_\_\_3.$ Allentown determined that the General Fund has $$22,000$ in inventory it should report on its fund financial statements. $\_\_\_\_\_4.$ Allentown issued bonds that sold at a premium. The $$100,000$ premium is required by contract to be used to pay the principal and interest on the debt when it comes due in a future period. $\_\_\_\_\_$