Use the information below to answer questions 1-2

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:

• $2,546,300 of property tax revenue is included in the estimated revenues budget for fiscal 2021;
• Property taxes were levied in February, 2021, and $38,700 of the levy was expected to be uncollectible;
• On the two property tax collection dates, a total of $2,475,300 was collected;
• At December 31, 2021, the Village expected property tax collections during the first 60 days of 2022 to be $25,000.

1. For the year ended December 31, 2021, what is the amount of revenue recognized from property taxes using the modified accrual basis of accounting?

1. $2,500,300.
2. $2,507,600.
3. $2,546,300.
4. $2,528,300.
5. $2,500,300.

2. On the general fund balance sheet at December 31, 2021, what is the amount reported for deferred inflows of resourcesunavailable property taxes?

1. $46,000.
2. $ 7,300.
3. $32,300.
4. $71,000.