Indicate the amount of revenue that Beanville should recognize in its 2020 (1) government-wide statements and (2) governmental fund statements. Provide a brief justification or explanation for your responses.

In December 2019, the city levied property taxes of $1 billion for the calendar year 2020. The taxes are due on June 30, 2020. The city collected these taxes as follows:

December 2019 $56 million January 1, 2019, to December 31, 2019 $858 million January 1, 2020, through March 31, 2020 ($18 million per month) $54 million

Total $968 million