For each of the following indicate the amount of revenue that Beanville should recognize in its 2017 (1) government-wide statements and (2) governmental fund statements. Provide a brief justification or explanation for your responses.

3. In December 2016 the city levied property taxes of $1 billion for the calendar year 2017. The taxes are due June 30, 2017. The city collected these taxes as follows: December 2016: $ 56 million. January 1, 2016, to December 31, 2016: $ 858 million. January 1, 2017, through March 31, 2017 ($18 million per month): $ 54 million. Total : $ 968 million. It estimates the balance of $32 million would be uncollectible. In addition, in the period from January 1 through February 28, 2017, the city collected $16 million in taxes that were delinquent as of December 31, 2016. In the period March 1 through June 30 2017, the city collected $8 million of taxes that were also delinquent as of December 31, 2016.

4. In December 2017 the Bernville sold a city-owned warehouse to a private developer. Sales price was $4.2 million. The warehouse had cost $4 million when it was acquired 10 years earlier. It had an est.- mated useful life of 40 years (with no salvage value).