In August of 2018, the City of Portsmouth received a Virginia State grant of $1,000,000 to upgrade some of the schools. Funds are released to Portsmouth by the state as a reimbursement, after work is completed. During 2018, expenditures of $750,000 were made by the city and were reimbursed by the state. Portsmouth paid $600,000 to contractors. How much should Portsmouth report as State Reimburse Grant Revenue in 20187 O $1.000,000 $750,.000 sooo.ooo 5250.000