The City of Pontiac, Michigan approved a General Fund operating budget for the fiscal year ending June 30, 2022 The budget provides for estimated revenues of $2,500,000 as follows Property taxes $1,750,000 Licenses and permits $350,000 Fines and forfeits $250,000 Intergovernmental (state grants) $200,000 The budget approved appropriations of $2450,000 as fals General Government $500,000 Public Safety $1,400,000 Public Works $350,000 The budget approved appropriations of $2,450,000as follows General Government $500,000 Public Safety $1,400,000 Public Works $350,000 Parks and Recreations $150,000 Miscellaneous $500,000 In the journal entry to record the budget, the Estimated Revenues account would be: O Credited for 2,350,000 O Debited for 2.350.000 O Debited for 2.550.000 Credited for 2.550.000