Orinoco City's General Fund had the following transactions regarding property taxes during calendar year 2022. Prepare journal entries to record the transactions. 1. Orinoco levies property taxes in the amount of $2,300,000. Experience shows that about $69,000 of that amount will not be collected for various reasons, including appeals of tax assessments. 2. Based on tax assessment appeals, Orinoco reduces taxes for several taxpayers by a total of $69,000. 3. Orinoco collects cash of $2,070,000 on the property tax levy. 4. Orinoco declares as delinquent all unpaid taxes. 5. For financial reporting purposes, the Orinoco comptroller determines that all unpaid taxes will be collected in 2023, but that only $132,250 of the amount due will be collected in the first 60 days of 2023. 1. Account Debit Credit 0 0 0 0 0 0 To record property tax levy. 2. 0 0 0 0 To record adjustments based on tax assessment appeals. 3. 0 0 To record collection of cash. 4. To record delinquent taxes. 5. 0 0 0 0 To defer property tax revenues for receivables not expected to be collected in first 60 days.