The General Fund levies property taxes in the amount of $1,000,000 for calendar

year 2022. It expects to collect $950,000 during the year, $30,000 in the first 60 days of the next year, and $15,000 during the rest of the next year. It does not

expect to collect the remaining $5,000.

How much property tax revenue should it recognize for the year 2022?

$980,000

O $995,000

O $1,000,000

O $990,000