On July 1,2023 , the beginning of its fiscal year, Ridgedale County recorded gross property tax levies of $4,800,000. The county estimated that 2 percent of the taxes levied would be uncollectible. As of April 30, 2024, the due date for all property taxes, the co had collected $4,470,000 in taxes. During the current fiscal year, the county collected $56,000 in delinquent taxes and $5,400 in interest and penalties on the delinquent taxes. The county imposed penalties and interest in the amount of $15.100 but only expect collect $13,100 of that amount. At the end of the fiscal year (June 30, 2024), uncollected taxes, interest, and penalties are reclassifie They are not expected to be collected within the first 60 days for the following fiscal year. Required Record entries for the above transactions as stated in the individual statements below, and post corresponding information into the Revenues iedger as appropriate. a. Prepare journal entries to record the tax levy on July 1,2023, in the General Fund. (Ignore all entries in the governmental activities journal.) b. Prepare a summary journal entry to record the collection of current taxes as of April 30. c. Prepare a summary journal entry to record the collection of delinquent taxes, interest, and penalties. (You may assume that these amounts had been designated as Deferred Inflows of Resources.) d. Prepare the journal entry necessary to reclassify the uncollected tax amounts as delinquent. Assume these taxes are not expected to be collected within 60 days of year-end. e. Prepare the journal entry necessary to record interest and penalties if they are not expected to be collected soon after year-end Complete this question by entering your answers in the tabs below. heck my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate co \begin{tabular}{|c|c|c|c|c|} \hline Event & General Journat & & Debit & Crodil \\ \hline \multirow[t]{3}{*}{ a } & Taxes Recelvable-Current & ( & 4,800,000 & \\ \hline & Allowance for Uncollectible Current Taxes & 0 & & 96,0000 \\ \hline & Revenues & 0 & & 4,704,000 \\ \hline \multirow[t]{2}{*}{ b } & Cash & 0 & 4,470,000 & \\ \hline & Taxes Recelvable-Current & 0 & & 4,470,000 \\ \hline \multirow[t]{3}{*}{ c(1) } & Cash & & 61,400 & \\ \hline & Taxes Recelvable-Delinquent & 0 & & 56,000 \\ \hline & Interest and Penalties Recelvabie on Taxes & ( & & 5,4000 \\ \hline \multirow[t]{3}{*}{ (2) } & Deferred Inflows of Resources - Unavailable Revenues & 0 & 61,4000 & \\ \hline & Revenues & 0 & 6 & 61,4000 \\ \hline & & & & \\ \hline d(1) & Taxes Receivable - Delinquent & ( & 330.000 & \\ \hline \end{tabular} Prev 1 of 13 Next my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate comp \begin{tabular}{|c|c|c|c|c|} \hline & - & & ,+ \\ \hline & Interest and Penalties Receivable on Taxes & & & 5,400 \\ \hline \multirow[t]{2}{*}{c(2)} & Deferred Inflows of Resources - Unavailable Revenues & 0 & 61,4000 & \\ \hline & Revenues & 0 & & 61,4000 \\ \hline \multirow[t]{4}{*}{d(1)} & Taxes Recelvable-Delinquent & 0 & 330,000 & \\ \hline & Allowance for Uncollectible Current Taxes & 0 & 96,0000 & \\ \hline & Taxes Recelvable-Current & 0 & & 330,0000 \\ \hline & Allowance for Uncollectible Delinquent Taxes & 0 & & 96.0000 \\ \hline \multirow[t]{2}{*}{d(2)} & Revenues & 0 & 234,0000 & \\ \hline & Deferred Inflows of Resources - Unavailable Revenues & 0 & & 234,0000 \\ \hline \multirow[t]{3}{*}{ e } & Interest and Penalties Recelvable on Taxes & 0 & 15,1000 & \\ \hline & Allowance for Uncollectible Interest and Penalties & 0 & & 2,0000 \\ \hline & Deferred Inflows of Resources - Unavallable Revenues & 0 & & 13.1000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{\begin{tabular}{l} Revenues Ledger \\ RevALE LOUNIY \end{tabular}} \\ \hline Ascount / Description & \begin{tabular}{l} Est. Revenues \\ Dr(Cr) \end{tabular} & \begin{tabular}{l} Revenues \\ Cr(Dr) \end{tabular} & \begin{tabular}{l} Balance \\ Dr(Cr) \end{tabular} \\ \hline \multicolumn{4}{|l|}{ Taxes } \\ \hline Property Tax & 4,470,000 & 4,704,000 & (234,000) \\ \hline \multicolumn{4}{|l|}{ Interest and Penalties } \\ \hline \multicolumn{4}{|l|}{ Delinquent Taxes } \\ \hline Property Tax & & 56,000 & (56,000) \\ \hline Interest and Penalties & & 5.4008 & (61,400) \\ \hline \multicolumn{4}{|l|}{\begin{tabular}{l} Deferred Inflows of \\ Resources \end{tabular}} \\ \hline Property Tax & (234,000) & 2 & (234,002) \\ \hline Interest and Penalties & & & \\ \hline \end{tabular} Req A to EJounal Entries