Assume that taxes were levied for Green County and other governmental units as follows:

Green County $ 12,235,000

Yellow School District 17,590,000

City of Blue 13,828,000

Red Township 1,549,000

$45,202,000

Green County is given one percent (1%) administrative fee of all collections for the other governments.

REQUIRED

1. Record the gross amount of the tax levy for Green County and the other governments.

2. Record the cash collection of taxes in the amount of $22,601,000 in the Custodial tax fund.

3. Record the liabilities owed to county and the other governmental units as the result of the cash collected in #2 above. Green county charges a one percent (1%) administrative fee of all collections for the other governments.

4. Cash is distributed based on the allocation computed in # 3 above.