please bold answer in explanation

Presented below is the preclosing trial balance for the Retiree Health Benefit Plan of the Alger County School District. Credits $ Debits 12,000 13,600 2,000 367,000 630,000 572,000 28,900 Trial Balance-December 31, 2020 Accrued Interest Receivable Cash Accounts Payable Contributions-Employee Contributions-Employer Deductions: Benefit Payments Deductions: Administrative Expense Increase in Fair Value of Investments Investment Income-Dividends Investment Income-Interest Income Investments-Corporate Bonds Investments-Corporate Stocks Investments-U.S. Treasury Securities Fiduciary Net Position Restricted-for other postemployment benefits Receivables-Employee Receivables-Employer 364,000 72,400 151,900 1,226,000 2,276,000 658,000 3,415,800 24,600 192,000 $5,803,100 $5,003,100 Required: Prepare (1) the year-end closing entries, (2) a Statement of Changes in Fiduciary Net Position, and (3) a Statement of Fiduciary Net Position for the year ended December 31, 2020. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the year-end closing entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record the closing entry for fund. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a Statement of Changes in Fiduciary Net Position for the year ended December 31, 2020. ALGER COUNTY SCHOOL DISTRICT Employee Health Benefit Plan Statement of Changes in Fiduciary Net Position For the Year Ended December 31, 2020 Additions: Contributions: 0 Total Contributions Investment Income: Total Investment Income Total Additions Deductions: 0 0 0 0 Total Deductions Net Increase Fiduciary Net Position Restricted for Employee Postemployment Healthcare: S 0 Required: Prepare (1) the year-end closing entries. (2) a Statement of Changes in Fiduciary Net Position, and (3) a Statement of Fiduciary Net Position for the year ended December 31, 2020. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Prepare a Statement of Fiduciary Net Position for the year ended December 31, 2020. ALGER COUNTY SCHOOL DISTRICT Employee Health Benefit Plan Statement of Fiduciary Net Position As of December 31, 2020 Assets: Receivables: 0 Total Receivables Investments, at Fair Value: 0 Total Investments Total Assets S 0 Liabilities: Fiduciary Net Position Restricted for Employee Postemployment Healthcare: S 0