During December 2021, East Fallowfield Township decided to construct sidewalks for a neighborhood. Estimated cost is $1,100,000 and construction is expected to be completed during the summer of 2023. The project is to be funded first from a state grant that is expected to be received in 2022, then from special assessment bonds that are to be issued in 2022. Any remaining balance is to be paid from the township's General Fund. During 2022, the township engaged in the following transactions, all of which are recorded in a Capital Projects Fund. Using good form, prepare the 2022 journal entries to record these transactions in the Capital Projects Fund. a. The state awarded the township a reimbursement grant of $600,000 to assist in the construction of the sidewalks. The township received the $600,000 cash at the time the grant was announced. b. The township issued $500,000 in bonds (face value) at a premium of $30,000 and incurred $65,000 in issue costs. C. The General Fund promised the Capital Projects Fund to make up the $35,000 deficiency in part "b". d. The township invested $450,000 in short-term (less than one year) securities. e. The township issued purchase orders and signed construction contracts totaling $780,000. f. The township paid invoices from the construction contractor totaling $560,000. g. The township recognized the revenue earned from the state's reimbursement grant. h. The township sold investments that originally cost $200,000, receiving $190,000 cash. i. As promised in part "e", the Capital Projects Fund received $23,000 from the General Fund, with the remaining $12,000 balance to be received in January 2023. j. By year-end, the investments still on hand had increased in value by $43,000.