I need help with Journal Entries, Closing Entries, Statement #1, and Statement #2

The state government administers a special revenue fund, the Fish and Game Fund By legislation, revenue in this fund can be used only for the purpose of protection, propagation, and restoration of sport fish and game resources and the expenses of administering sport fish and wildlife programs. Revemues are received from the sale of state sport fishing and hunting licenses and special permits as well as money received from fines imposed on individuals violating state hunting and fishing laws. The fund began in 2020 with the following balances: 1. The State adopted a budget for the Fish and Game Fund providing estimated revenues of $1,450.000, appropritions of $1,680.000. and anticipated transfers from the State's General Fund of $300,000. All expenditures, other than capital expenditures, are to be charged to Curnent Expenditures-Whldlfe Management. 2. At the end of 2019 , there were outstanding purchase orders for hatchery supplies totaling $26,000 that will be received in the current year. It is the State's policy to honor outstanding purchase orders from the previous year. 3. Hunting and fishing licenses are sold by outfitters and outdoor equipment retailers and are remitted to the State by the 15th of the following month. During 2020, the State received $1.268.000 in cash for licenses, which includes the amount accrued at the end of the previous year. In addition, it is estimated $102,000 will be received in January 2021 for December 2020 sales. 4. During the year, the State received an additional $212,000 for fines levied against individuals violating state hunting and fishing 5. The State operates fish hatcheries for its stocking program. During the year, the State placed orders totaling $281.000 for latehlings. laws. feed, and other supplies. These are in addition to the outstanding purchase orders from 2020. 6. The State received supplies at an invoice cost totaling $288,200 for hatchery supplies. The related encumbrances for these items totaled $289,000 (this includes the $26,000 isstued in 2019). 7. Payments of accounts payable totaled $312.000 in 2020. 8. The General Fund provided $300,000 to the Fish and Game Fund for the acquisition of a new fish hatchery. This amount 9. A purchase order was awarded to Aquatics Construction Company for the new hatchery in the amount of $300.900. The contuaet was received in 2020 . charged to Current Expenditures - Wildlife Managenent 2. At the end of 2019, there were outstanding purchase orders for hatchery supplies totaling $26,000 that will be received in the current year. It is the State's policy to honor outstanding purchase orders from the previous year. 3. Hunting and fishing licenses are sold by outfitters and outdoor equipment retailers and are remitted to the State by the I5th of the following month. During 2020, the State received $1,268,000 in cash for licenses, which includes the amount accrued at the end of the previous year, In addition, it is estimated $102,000 will be received in January 2021 for December 2020 sales. 4. During the year, the State received an additional $212,000 for fines levied against individuals violating state hunting and fishing laws. 5. The State operates fish hatcheries for its stocking program. During the year, the State placed orders totaling $281,000 for hatchlings, feed, and other supplies. These are in addition to the outstanding purchase orders from 2020. 6. The State received supplies at an invoice cost totaling $288,200 for hatchery supplies. The related encumbrances for these items totaled $289,000 (this includes the $26,000 issued in 2019). 7. Payments of accounts payable totaled $312,000 in 2020. 8. The General Fund provided $300,000 to the Fish and Game Fund for the acquisition of a new fish hatchery. This amount was received in 2020. 9. A purchase order was awarded to Aquatics Construction Company for the new hatchery in the amount of $300,900. The contract was completed and capital expenditures for the new hatchery were paid in the amount of $300,900. 10. Wages were paid during the year in the amount of $981,000. This includes the unpaid amounts acerued at the end of the previous year. 11. Unpaid wages related to the last pay period of 2020 totaled $2,500 and will be paid in January 2021 . 12. At December 31, the unused hatchery supplies on hand totaled $15,000. Required Use the Excel template provided. A separate tab is provided in Excel for each of these steps. a. Prepare journal entries to record the information described in items 1 to 12. b. Post these entries to T-accounts. c. Prepare closing journal entries; post to the T-account provided, Classify fund balances assuming all spendable net resources are classified as Restricted. d. Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the special revenue fund for the year ending 2020. c. Prepare a Balance Sheet for the special revenue fund as of December 31, 2020. magit AErrtad a Pewismesirts Jounal Entiet Clooing Entries 1 Statement e1 Sty stement e2 B loumal Entries Closing Intries (5tatement =1 Statement 2( if STATE GOVERNMENT - Special Revenue Fund Fish and Game Fund - Closing Entries December 31,2020 Complete the following table \begin{tabular}{|l|l|l|l|l|l|l|} \hline & Noonspendabe & Aiesurcted & Corminef & Assigned & Unesvoned & Total \\ \hline Fund Balance & & & & \\ \hline \end{tabular} Fish and Game Fund Revenues Hunting and fishing license fees revenue Fines revenue Total Revenues Expenditures Current: Wildife Management Capital Outlay Total Expenditures 2 Excess (Deficiency) of Revenues Over Expenditures 13 Other financing sources Transfers In 15 16 Net Change in Fund Balance 17 Fund Balance, January 1 18 Fund Balance, December 31 5 \begin{tabular}{|l|l|l|} \hline 1 & & \multicolumn{1}{|c|}{ Fish and } \\ \hline 2 & \multicolumn{1}{|c|}{ Assets } \\ 3 & \multicolumn{1}{|c|}{ Came Fund } \\ 4 & Cash & License Fees Receivable \\ 5 & Supplies Inventory \\ 6 & \multicolumn{1}{|c|}{ Total Assets } \\ \hline 7 & \\ \hline 8 & Liabilities and Fund Balances \\ \hline 9 & Liabilities \\ \hline 10 & Accounts Payable \\ \hline 11 & Wages Payable \\ \hline 12 & Total Liabilities \\ \hline 13 & Fund Balances \\ \hline 14 & Nonspendable \\ \hline 15 & Restricted for fish and game management \\ \hline 16 & Total Fund Balances \\ \hline 17 & \\ \hline 18 & Total Liabilities and Fund Balances \\ \hline 19 & & \\ \hline \end{tabular}