In Juanuary a local government imposes gross property tax levies of $3,800,000, of which 2% is estimated to be uncollectible. The cash collection of these property taxes amounts to $3,520,000 in the year. In addition, the government collects $51,000 of delinquent taxes from prior years and $4,400 in interest on these delinquent taxes. The government imposes penalties and interest of $14,100 on current year uncollected property taxes, although $12,600 is estimated to be collectible. Required Record entries for the following transactions in the General Fund. 1. Record the tax levy in January in the General Fund. 2. Record the collection of current-year-assessed property taxes. 3. Record the collection of delinquent taxes from prior years as well as the interest on them. Please reverse revenues if necessary. 4. Record the entry to reclassify the uncollected tax amounts and allowances as delinquent. The uncollectible tax amounts are not expected to be collected in the next 60 days. Please reverse revenues if necessary. 5. Record interest and penalties on uncollected current-year-assessed property taxes if they are not expected to be collected in the next 60 days after year-end.