The state levies a $4\%,$ and a local government a $2\%,$ sales tax on merchant sales volume. Merchants must remit the full amount of all levied taxes to the state government within $15$ days of month$-$end, and the state must remit collected taxes to local authorities within $30$ days of receipt. The state and local authorities have June $30$ year$-$ends, and sales volume for the months of June and July was $$100,000$ and $$200,000,$ respectively. On June $30,$ each government should accrue what amounts related to sales activity?

State

Tax Revenue

Payable

Local Government

Tax Revenue

State Tax Revenue

$$12,000$

Payable

$$6,000$

Local Government Tax Revenue

$$6,000$

State Tax Revenue

$$12,000$

Payable

$$4,000$

Local Government Tax Revenue

$$2,000$

State Tax Revenue

$$12,000$

Payable

$$6,000$

Local Government Tax Revenue

$$2,000$

State Tax Revenue

$$4,000$

Payable

$$2,000$

Local Government Tax Revenue

$$2,000$