A city levied property taxes of $5,010,000 for its General Fund and it offered a 1 percent discount for payment within the discount period. Based on experience, city finance officials estimated that $10,000 of discounts would be taken. However, when the discount period ended, $5,002,000 of cash had been collected and only $8,000 of discounts had been taken What is the amount of property tax revenue that the city should record? $5,002,000 $5,010,000 $5,000,000 $5,008,000