Problem 3: Partial nancial statement for a permanent fund During 2021, a retired fire department employee donated $100,000 to the Village of Lakeview. The donor stipulated that the gift be invested permanently and that the earnings from the gift be used to train firefighters in the mo st modern techniques to fight res. During 2021, the 1|v'illage's finance director invested all $100,000 into various common stock and U.S treasury bill investments. During 20.21, interest income earned from US. Treasury bills amounted to $5,000, and dividend income earned from equity investments amounted to 53,000. 53500 of the income was received in cash, while the remaining 5500 was accrued interest income at December 31, 2021, that will be received within 60 days from the end of 20a. The permanent fund transferred $2,500 of the eamings to the general fund to train firefighters. At December 31, 2021, the investments in the fund had a market value of $111,000. Required: Prepare the fund balance section of the balance sheet for the permanent fund at December 31, 2021. 3. Fund balance section of the balance sheet for a perman ent fund Ame urns Fund hala nce: Tetal fund balance