The City of Brittainville's Special Revenue Fund Levied $350,000 in Taxes

The city of Brittainville's Special Revenue Fund levied $350,000 in taxes, during the current year. (1% is expected to be uncollectible.) Also during the year, the fund collected $7,500 of interest revenue and $50,000 was transferred from the General Fund. As a result of these transactions fund balance will increase by

A) $407,500.
B) $404,000.
C) $357,500.
D) $354,000.