4. During the current year, a capital propects fund compleled a new public safety bullding started in the prior year. The lotal cost of the project was $9,470,000; currentyear construction costs totaled $670,000, paid in cash. The full cost is attributed to the building beceuse it was constructed on cily-owned property. The building came in $7,000 under budget, which is transferred to the General Fund. 5. The city records a half year of straight-line depreciation on capital assets placed in service during the year. The bulding in lem 4 above has an estimated 30 -year Le and no salvage value. Fulbright County constructed a library in one of the county's high-growth areas. The construction was funded by a number of sources. Below is selected information related to the Library Capital Project Fund. All activity related to the library construction occurred within the current fiscal year, The county operates on a calendar-year basis. Required Prepare a journal entry for capital projects fund and governmental activities at the government-wide level. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 4. A construction contract was awarded in the amount of $6,930,000. 6. The capital projects fund temporary accounts were closed to Fund Balance-Restricted. The resources are restricted because they were obtained from bonded debt issued exclusively for library construction. The capital projects fund was closed by transferring remaining funds to the debt service fund for use in Prepare journal entries for each of the following transactions entered into by the City of Loveland. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollar.)