At Year End, a County Tax Agency Fund's Only Asset $\begin{array}{lr}\text { County } & \$ 300,000 \\\text { School district } & \$ 150,000 \\\text { Fire district } & \$ 50,000\end{array}$

At year end, a county tax agency fund's only asset was $500,000 in cash. The cash was collected on behalf of the following
$\begin{array}{lr}\text { County } & \$ 300,000 \\\text { School district } & \$ 150,000 \\\text { Fire district } & \$ 50,000\end{array}$
In the county's basic financial statements, the Tax Agency Fund should report what amount of assets and liabilities?

A) $200,000.
B) $300,000.
C) $450,000.
D) $500,000.