Recording property taxes and financial statement reporting issues

Part A:

For the fiscal year ended December 31, 2022, the general fund of the City of Urbina, located in east central Illinois, reported the following selected information from its financial statements:

Total revenues	$ 6,552,000
Total assets at December 31, 2022	13,486,000
Other financing uses: transfer out	30,000
Total liabilities at December 31, 2022	11,720,000
Total expenditures	6,470,000
Deferred inflows of resources: unavailable property taxes at December 31, 2022	1,600,000
Fund balance, January 1, 2022	114,000

Required:

Answer the following questions related to amounts reported on the general funds statement of revenues, expenditures, and changes in fund balance for the year ended December 31, 2022:

1. What is the amount reported for net change in fund balance?
2. What is the amount reported for fund balance at December 31, 2022?