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A town levies $100,000 of property taxes for its current fiscal year. One percent of the tax levy is expected to be uncollectible The city

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A town levies $100,000 of property taxes for its current fiscal year. One percent of the tax levy is expected to be uncollectible The city collects $70,000 of its taxes during the year and another $25,000 during the first two months of the following year. In addition, the town collected $3,000 of prior year taxes during the first two months of the current fiscal year and another $2.000 during the remainder of the current fiscal year What amount of property tax revenues should the town report in the General Fund financial statements for the current fiscdi year? $97,000 $95.000 598.000 $100.000

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