Fairmont Countys general fund starts 2023 with a $250,000 balance for property taxes receivable, net of a $200,000 allowance for uncollectible taxes. The county also starts the year with $120,000 in deferred inflows from 2022 taxes receivable, expected to be collected more than 60 days after the start of 2023. The county records the following transactions in 2023, related to property tax billings and collections.

1. Property tax bills totaling $40,000,000 are sent out. The county expects that $500,000 of these bills are uncollectible.

2. Property taxes of $39,135,000 are collected in cash. Of this amount, $275,000 is payment for 2022 taxes and the remainder is for 2023 taxes.

3. The uncollected taxes for 2022 are written off.

4. Of the uncollected 2023 property taxes at year-end, it is estimated that $500,000 will be collected within 60 days of year-end, and $200,000 will be collected later in 2024.

a. At the beginning of 2023 , Fairmont County has $450,000 in 2022 property taxes that have not been collected. How much of this amount was recorded as property tax revenue in 2022? $ b. How much property tax revenue is recognized in 2023 on collections of 2022 property taxes? $ c. Prepare the journal entry or entries to record 2023 collection of 2022 property taxes and the write-off of remaining balances