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E12.5 Transaction Reporting in Fund and Government-Wide Statements (LO 12-2, 12-3) Consider the following transactions of Daley County: 1. General property taxes of $4,500,000 are levied. 2. Grants of $850,000 are received from the state to finance public safety programs. 3. Investment income of $55,000 is earned and received in cash on investments of a debt service fund. 4. User fees of $45,000 are received from operations of the community pool. 5. Depreciation on public safety equipment is $35,000 for the year. 6. Investment income of $25,000 is earned and received in cash on general fund investments of excess cash. 7. The motor pool submits $32,000 in charges for vehicle use to other units in the government. 8. Current year accrued interest on general long-term debt is $30,000, and is not due for several years. For each transaction, prepare the journal entries required in the fund statements and in the government-wide statements.1. Fund statements General fund Government-wide statements 2. Fund statements Special revenue fund Government-wide statements\f\f7. Fund financial statements Internal service fund Government-wide statements 8. Fund financial statements Not reported Government-wide statements