The Village of New York$$s administrator is struggling with the accounting treatment for their Gas Tax funding in the previous year. Typically the municipality would receive two Gas Tax installments every year, one in April and one in November, however due to possibility of a snap election at the federal level; parliament has not had a chance to exercise legislative authority for the second installment. According to section PS $3410,$ what should the administrator do$?$ Select one:

a$.$

None of the answers are correct

b$.$

Recognize only one Gas Tax installment for the previous year as proper legislative authority was not provided for the second.

c$.$

Recognize both Gas Tax installments in the previous year as the village typically receives two installments per year.

d$.$

Recognize the one Gas Tax installment that happened later in the previous year due to the earlier one falling in the federal government$$s fiscal period.