The Town of Pavilion's July 1, 2022, balance sheet reports the following property tax accounts:

Taxes receivable	$140,000
Allowance for uncollectible taxes	(98,000)
Taxes receivable, net	$42,000

During fiscal 2023, $60,000 in cash is collected on fiscal 2022 taxes and the remainder are written off. The town levies fiscal 2023 property taxes in the amount of $2,000,000. It estimates that uncollectible property taxes for 2023 are $50,000. Cash collected for 2023 property taxes is $1,880,000. $30,000 of the remaining uncollected 2023 taxes are expected to be collected within 60 days of fiscal year-end 2023.

What amount is reported as the allowance for uncollectible taxes at June 30, 2023?

Select one:

a. $90,000

b. $128,000

c. $120,000

d. $40,000