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Required information [The followng information applies to the questions displayed below] As of December 31, 2022 . Sandy Beach had $9.800.000 in 6.0 percent serlal bonds outstanding. Cash of $423,000 is the debt service fund's only asset as of December 31, 2022, and there are no llabilites. The serial bonds pay interest semlannually on January 1 and July 1, wth $500,000 in bonds being retired on each interest payment date. Resources for payment of interest are transferred from the General Fund, and the debt service fund levles property takes in an amount sufficlent to cover principal payments. Required c. Prepare a balance sheet for the debt service fund as of December 31, 2023