During the current year, the City of Plattsburgh recorded the following transactions related to its property taxes: 1. Levied property taxes of $6,740,000, of which 2 percent is estimated to be uncollectible 2. Collected current property taxes amounting to $6,115,000 3. Collected $66,000 in delinquent taxes and $4,800 in interest and penalies on the delinquent taxes. These amounts had been recorded as Deferred inflows of Resources in the prior year 4. Imposed penalties and interest in the amount of $6.800 but only expects to collect $6,200 of that amount. 5. Reclassified uncollected taxes and interest and penalties as delinquent. These amounts are not expected to be collected within the first 60 days of the following fiscal year. Required a. Prepare journal entries to record the property tax transactions in the General Fund. b. Prepare journal entries to record the property tax transactions in the governmental activities journal. c. Determine the amount of property tax revenue recognized during the current year in the General Fund and at the governmert. wide level Complete this question by entering your answers in the tabs below. Prepare journal onkries to record the property tax transactions in the General fund. (if no entry is required for a transackon/event, select "No loarmal Entry Fequired* in then firct account field.) 4. Imposed penalties and interest in the amount of $6,800 but only expects to colect $6,200 of that armount. 5. Reclassified uncollected taxes and interest and penaltes as delinquent. These amounts are not expected to be collected within the first 60 darys af the following fiscal year. 4. Imposed penalties and interest in the amount of $6,800 but only expects to collect $6,200 of that amount. \begin{tabular}{|c|l|l|l|} \hline 4.3 imposed penalties and interest in the amount of $6,800 but only expects to collect $6,200 of that amount. \\ \hline 4 & & & \\ \hline & & & \\ \hline \end{tabular} 5. Reclassified uncollected taxes and interest and penalties as delinquent. These amounts are not expected to be collected within the first 60 days of the following fiscal year. \begin{tabular}{|c|l|l|} \hline 5a & General Fund & Record the reclassification of uncollected taxes and allowances as delinquent. \\ \hline & & \\ \hline 5b & Record the entry to reclassify the net receivable, interest, and penalties as deferred intlow of resources. \\ \hline & & \\ \hline \end{tabular} Prepare journal entries to record the property tax transactions in the governinental activities journil. (if no entry is fequired for a trisnsad select "No. Journal Entry Required" in the first account field.) 2. Collocted curtent property laxes amounting to 56,115,000 3 Colloctod $66,000 in delinquent taxps and $4,800 in interest and penaltes on the delinquent taxes. These amounts had beon recorded as Deforted inflows of Resources in the prior year. 4. Imposed penaltes and interest in the amount of $6,300 but only expicd to collect $6,200 of that amount 5. Reclassified uncollected taxes and interest and penalies as delinquent. These amounts are not expected to be colected within the fitst 60 days of the following fiscal year. Required a. Prepare joumal entries to record the property tax transactions in the General Fund b. Prepare joumal entries to record the property tax transactions in the governmental activities journal. c. Determine the amount of property tax revenue recognized during the current year in the General Fund and at the government-wide level Complete this question by entering your answers in the tabs below. Determine the amount of property tax revenue recognized during the current yoar in the General Fund and at the govarnment-wide level