Olean County uses the following capital projects funds for acquisition or construction of capital facilities: Capital Projects Fund Assets Liabilities Revenues Expenditures Buildings, equipment and improvements $40,000 Highways, roads, bridges and equipment 55,000 Olean County Medical Center $25,000 $190,000 $180,000 40,000 220,000 150,000 30,000 32,000 260,000 240,000 Total balances for governmental, enterprise, internal service, and fiduciary funds are: Governmental funds $500,000 $460,000 $2,000,000 $1,890,000 Enterprise funds 200,000 120,000 3,500,000 2,710,000 Internal service funds 45,000 42,000 320,000 300,000 Fiduciary funds Required 410,000 390,000 1,200,000 1,050,000 Which of the capital projects funds, if any, are reported as major funds in Olean County's ACFR? Show calculations clearly. Element Assets Liabilities Revenues Total for Governmental Funds Expenses/expenditures $ Total for Governmental 10% Test and Enterprise Funds 5% Test Which funds would be reported separately as a major fund? 1. Buildings, equipment, and improvements 2. Highways, roads, bridges and equipment 3. Olean County Medical Center 0 1. only O2 only O 3. only O both 1. and 3. O both 2 and 3.