The City of Duncan collected and accrued property taxes totaling $4,500,000 for the current year. It booked net expenses for education and public safety of $800,000 and $1,000,000, respectively. Municipal recreation (city pool and golf course) reported net revenues of $200,000. Water and sewer services reported net revenues of $500,000.

For government-wide financial statements, what amount will Duncan report for general revenues?

a.

$4,500,000

b.

$3,400,000

c.

($1,100,000)

d.

$7,000,000