A Government Levies Property Taxes of $2,500,000, 1% of Which

A government levies property taxes of $2,500,000, 1% of which are expected to prove uncollectible. The property taxes should be reported in the General Fund statement of revenues, expenditures, and changes in fund balances as

A) Revenues of $2,500,000 and expenditures of $25,000.
B) Revenues of $2,500,000 and other financing uses of $25,000.
C) Revenues of $2,475,000 and no expenditures or other financing uses.
D) Other financing sources of $2,500,000 and expenditures of $25,000.