A village levied property taxes of $910,000 for calendar year 2022 on January 1, 2022 and immediately set up an allowance of $10,000 for uncollectible taxes. The village collected $870,000 in cash during 2022. It expected to collect $22,000 of the unpaid taxes during the first 60 days of 2023 and an additional $8,000 during the rest of 2023. How much should the village recognize as property tax revenues in its 2022 General Fund financial statements?

Select one:

a. $892,000

b. $870,000

c. $910,000

d. $900,000