Vacation City was awarded a $$500,000$ federal operating grant for use in Year $2.$ On December $1$ of year $1,$ half of the grant money was received by the City. The journal entry to record receipt of the grant funds will include:

A$.$ A credit to Revenues in the amount of $$250,000.$

B$.$ A credit to Deferred Inflow of Resources$-$Grant Proceeds in the amount of $$250,000.$

C$.$ A debit to Grant Expenditures in the amount of $$250,000.$

D$.$ No journal entry will be made until expenditures are made in Year $2.$