Merchants remit $800,000 to a county government in calendar year 2020 for sales taxes collected in 2020. In January, 2021, they send the county an additional $25,000 applicable to the year 2020. Based on past experience, the county expects to receive an additional $15,000 in late 2021, but applicable to 2020. How much should the county recognize as sales tax revenues when it prepares its fund and government-wide financial statements for 2020?

Select one:

a.

Fund Statements	Government-Wide Statements
$800,000	$840,000

b.

Fund Statements	Government-Wide Statements
$825,000	$825,000

c.

Fund Statements	Government-Wide Statements
$800,000	$800,000

d.

Fund Statements	Government-Wide Statements
$825,000	$840,000