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 expla- nation for your responses.

The state in which Beanville is located collects sales taxes for its cities and other local governments. The state permits small merchants to remit sales taxes quarterly. The state sales tax rate is 6 percent. In December 2019, city merchants collected $50 million in sales taxes that they remitted to the state on January 15, 2020. The state, in turn, transferred the taxes to the city on February 15, 2020.