The City of Riverside levied property taxes in the amount of $20,000,000. The taxes were levied July 1, 2019 for the fiscal year ended June 30, 2020. During the year ended June 30,2020,$17,800,000 in property taxes were collected from this levy. It is estimated that $940,000 will be collected during the next 60 days, $1,050,000 will be collected more than 60 days after June 30,2020 , and $210,000 will never be collected. How much will the city report as Deferred Inflow-Property Taxes in its June 30, 2020 governmentwide Statement of Net Position? Multiple Choice $0. $1,150,000 $1,050,000 $1,990,000. The City of Riverside levied property taxes in the amount of $20,000,000. The taxes were levied July 1, 2019 for the fiscal year ended June 30, 2020. During the year ended June 30,2020,$17,800,000 in property taxes were collected from this levy. It is estimated that $940,000 will be collected during the next 60 days, $1,050,000 will be collected more than 60 days after June 30,2020 , and $210,000 will never be collected. How much will the city report as Deferred Inflow-Property Taxes in its June 30, 2020 governmentwide Statement of Net Position? Multiple Choice $0. $1,150,000 $1,050,000 $1,990,000