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Complete this question by entering your answers in the tabs below. REV EX AND BALANCE FUND BAL SHEET Prepare a condensed balance sheet. CITY OF JENNINGS GENERAL FUND Balance Sheet (Condensed) December 31, 2017 Assets: Cash Investments Taxes receivable Due from capital projects fund $ 30,000 410,000 220,000 60,000 S 720,000 Total assets Liabilities: Accounts payable Vouchers payable Contracts payable Due to debt service fund Unavailable revenues Total liabilities Deferred inflows of resources: XOOOO $ 90,000 180,000 90,000 40,000 40,000 S 440,000 S 0 Total deferred inflows of resources Fund balances Unassigned S 280,000 Total fund balance Total liabilities, deferred inflows of resources, and fund balances 280,000 S 720,000 The following trial balance is taken from the General Fund of the City of Jennings for the year ending December 31, 2017 Accounts Payable Cash Contracts Payable Unavailable Revenues Due from Capital Projects Funds Due to Debt Service Funds Expenditures Fund Balance-Unassigned Investments Revenues Other Financing Sources-Bond Proceeds Other Financing Sources-Transfers In Other Financing Uses-Transfers Out Taxes Receivable Vouchers Payable Totals Debit Credit $ 90,000 $ 30,000 90,000 40,000 60,000 40,000 530,000 170,000 410,000 760,000 300,000 50,000 470,000 220,000 180,000 $1,720,000 $1,720,000 a. Prepare a condensed statement of revenues, expenditures, and other changes in fund balance. b. Prepare a condensed balance sheet