The Town of Cumberland levied property taxes in the amount of $$1,600,000.$ The town estimates that $1$ percent will be uncollectible. The journal entry to record the tax levy in the Governmental Activities general journal will include:

Multiple Choice

A debit to Cash for $$1,584,000$

A credit to Revenues for $$1,584,000.$

A debit to Estimated Revenues for $$1,600,000.$

A debit to Allowance for Uncollectible Current Taxes for $$16,000.$