A county collects property taxes designated for other governments, and reports these activities in a custodial fund. At the beginning of the current year, it levies $1,350,000 in taxes. During the year it collects $1,340,000 in taxes and remits $1,335,000 to other governments. The liability for payment to other governments is accrued when taxes are collected. On the custodial funds operating statement, the change in net position is:

Select one:

a. $15,000 increase

b. $10,000 increase

c. $ 5,000

d. $0