Caravan County was awarded a $500,000 federal operating grant for use in year two. On December 1 of year one, half of the grant money was received by the City. The journal entry to record receipt of the grant funds will include: A credit to Revenues in the amount of $250,000. O A credit to Deferred Inflows of Resources-Grant Proceeds in the amount of $250,000. O A debit to Grant Expenditures in the amount of $250,000. O No journal entry will be made until expenditures are made in year two