8. A city levied property taxes of $1,250,000 for calendar year 2022 on January 1, 2022 and immediately set up an allowance of $10,000 for uncollectible taxes. The village collected $1,200,000 in cash during 2022. It expected to collect $30,000 of the unpaid taxes during the first 60 days of 2023 and an additional $10,000 during the rest of 2023. How much should the city recognize as property tax revenues in its 2022 General Fund financial statements? a. $1,200,000 b. $1,220,000 C. $1,230,000 d. $1,240,000 9. Continued on problem #8, how much should the village report as Deferred inflow of resources- unavailable property taxes in its 2022 General Fund financial statements? a. $0 b. $10,000 c. $20,000 d. $40,000