The Village of Maple Park levies and collects property taxes in the same year. The information below pertains to the Village for the year ended December 31, 2021: $5,092,600 of property tax revenue was recorded when the property taxes were levied in 2021; $77,400 of the levy was expected to be uncollectible; On the two property tax collection dates, a total of $5,032,600 was collected; At December 31, 2021, the Village expected property tax collections during the first 60 days of 2022 to be $36,000. Required: Record the property tax levy for 2021. Record the adjusting entry for property tax revenues at December 31, 2021.