Helppp!!

A county that had not previously levied property taxes levied a property tax for $900,000 on January 1, 2023 for the budget year January 1 to December 31, 2023. The county collected $875,000 during 2023, $20,000 during January 1 through February 28, 2024, and the remaining $5,000 in June 2024. What adjustment is needed to the data reported in the governmental fund financial statements to prepare the government-wide statements?

Select one:

a. No adjusting entry is needed

b.

Deferred inflows of resources--unavailable property taxes	5,000
Revenues--property taxes		5,000

c.

Net position	5,000
Revenues--property taxes		5,000

d.

Net position	25,000
Revenues--property taxes		25,000