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A county that had not previously levied a property tax levies a property tax for the first time for $900,000 in December 2022. The tax

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A county that had not previously levied a property tax levies a property tax for the first time for $900,000 in December 2022. The tax is for the budget year January 1 to December 31, 2023. Because it sends out the bills on December 1, it actually collects $500,000 in cash by December 31, 2022. It collects an additional $375,000 of 2023 property taxes during calendar year 2023, $15,000 during January 1 through February 28, 2024, an the remaining $10,000 in June 2024. How much property tax revenue should the county report in its 2023 governmental fund and government-wide financial statements? O Fund Statements Government-Wide Statements $875,000 $890,000 Fund Statements $375,000 Fund Statements Government-Wide Statements $400,000 Government-Wide Statements $900,000 o O $890,000 Fund Statements Government-Wide Statements $900,000 $875,000

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