Required information The foowing information applies to the questions displayed beiow.) As of December 31, 2019, Sandy Beach had $8,300,000 n 5.0 percent serial bonds outstanding. Cash of $443,000 is the debt service fund's only asset as of December 31, 2019, and there are no liabilities. The serial bonds pay Interest semiannually on January 1 and July 1, with $500,000 In bonds being retired on each Interest payment date. Resources for payment of interest are transferred from the General Fund, and the debt service fund levies property taxes In an amount sufricient to cover principal payments c. Prepare a balance sheet for the debt service fund as of December 31, 2020. SANDY BEACH Debt Service Fund Balance Sheet December 31, 2020 Assets Taxes Receivable Delinquent Total Assets Fund Balance-Restricted for Debt Deferred Inflows of Resources Service Fund Balances Total Deferred Inflows of Resources and Fund Balance Required information The foowing information applies to the questions displayed beiow.) As of December 31, 2019, Sandy Beach had $8,300,000 n 5.0 percent serial bonds outstanding. Cash of $443,000 is the debt service fund's only asset as of December 31, 2019, and there are no liabilities. The serial bonds pay Interest semiannually on January 1 and July 1, with $500,000 In bonds being retired on each Interest payment date. Resources for payment of interest are transferred from the General Fund, and the debt service fund levies property taxes In an amount sufricient to cover principal payments c. Prepare a balance sheet for the debt service fund as of December 31, 2020. SANDY BEACH Debt Service Fund Balance Sheet December 31, 2020 Assets Taxes Receivable Delinquent Total Assets Fund Balance-Restricted for Debt Deferred Inflows of Resources Service Fund Balances Total Deferred Inflows of Resources and Fund Balance