A Capital Project Fund received a $$300,000$ transfer from the General Fund and a $$500,000$ federal grant for a highway project. The grant is being paid in two phases$$$$200,000$ for Year $1$ expenditures and $$300,000$ when the project is completed $($anticipated to be at the end of Year $2).$ Capital Project Fund revenues reported at the end of Year $1$ should be

Group of answer choices

$$0$

$$200,000$

$$300,000$

$$500,000$

$$800,000$