The Village of Seaside Pines prepared the following General Fund Trial Balance as of December 31, 2017, the last day of its fiscal year. Control accounts are used for budgetary entries.

1. Prepare the closing entries for December 31. (It is not necessary to use control accounts and subsidiary ledgers.)
2. Prepare the Statement of Revenues, Expenditures, and Changes in Fund
Balance for the General Fund for the year ended December 31.
3. Prepare the Fund Balance section of the December 31 Balance Sheet assuming there are no restricted or committed net resources and the outstanding encumbrances are for capital additions.

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Deblts Accounts Payable Allowance for Uncollectible Taxes Appropriations (Control) Budgetary Fund Balance Cash Deferred Inflows-Property Taxes $ 19,000 12,000 494,000 5,000 $175,000 38,000 Due from Capital Projects Fund Due to Debt Service Fund Encumbrances Estimated Revenue (Control) Estimated Other FInancing Uses (Control) General Government Expenditures Other Revenues Property Tax Revenue Public Safety Expenditures Budgetary Fund Balance- 5,000 17,000 63,000 534,000 35,000 195,000 55,000 491,000 238,000 Reserve for Encumbrances Supplies Inventory Tax Anticipation Note Payable Taxes Recelvable Transfer Out (to Internal Service Fund) Fund Balance 63,000 24,000 100,000 202,000 33,000 140,000 $1,469,000 Totals $1.469.000