Statement preparation-General Fund Using the following data, prepare a statement of revenues, expenditures, and changes in fund balance for the General Fund of Jasmin City for the year ended December 31, 2022. Miscellaneous revenues Licenses and permits revenues $180,000 1,000,000 Education program expenditures 2,000,000 Public safety expenditures 4,000,000 Transfers to other funds 1,500,000 Property tax revenues 7,000,000 State and federal grants 2,000,000 Parks program expenditures 750,000 Highways program expenditures 900,000 Transfers from other funds 700,000 Fund balance at beginning of year 1,500,000 Enter revenues and expenditures in order of magnitude (largest dollars first). Enter transfers out as a negative. Jasmin City General Fund Statement of Revenue, Expenditures, and Changes in Fund Balance Revenues: Property taxes Licenses and permits State and federal grants Miscellaneous Total revenues Expenditures: $7,000,000 x 1,000,000 x * 2,000,000 x 180,000 $10,180,000 Education Parks Public safety Highways Total expenditures Excess of revenues over expenditures Other financing sources (uses): Transfers in Transfers out Total other financing (uses) Net change in fund balance Fund balance at beginning of year Fund balance at end of year Check x2,000,000 x750,000 x x4,000,000 900,000 x 7,650,000 2,530,000 0 x 0 % 0 % 0 x 0 x 0%