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, 2019. Miscellaneous revenues $ 180,000 Licenses and permits revenues 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 NOTE: Use negative signs with answers in the far right column only to indicate an answer of Total other financing uses (rather than sources), a negative net change in fund k Jasmin City General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance For the Year Ended December 31, 2019 Revenues: Property taxes 7,000,000 Licenses and permits 1,000,000 State and federal grants 2,000,000 Miscellaneous 180,000 Total revenues $ 10,180,000 Expenditures: Education 2,000,000 Parks 750,000 Public safety 4,000,000 Highways 900,000 Total expenditures 7,650,000 Excess of revenues over expenditures 2,530,000 Other financing sources (uses): Transfers in 0 Transfers out Total other financing sources (uses) Net change in fund balance 0 Fund balance, beginning of year Fund balance, end of year Check