A City Levies a 2% Sales Tax $1 / 20 / 11$

A City levies a 2% sales tax.Sales tax must be remitted by the merchants to the City by the 20^th day of the month following the month in which the sale occurred.Cash received by the City related to sales tax is as follows: Amount received $1 / 20 / 11$ , applicable to December 2010 sales $\quad\$ 100$
Amount received $2 / 20 / 11$ , applicable to January 2011 sales $\quad\$ 30$
Amount received during 2011 related to February-November 2011 sales $\quad\$ 400$
Amount received 1 / 20 / 12 for December 2011 sales $\quad\$ 110$
Amount received $2 / 20 / 12$ for January 2012 $\quad\$ 40$ Assuming the City uses the same period to define "available" as the maximum period allowable for property taxes, what amount should it recognize in the government-wide financial statement as sales tax revenue for the fiscal year ended 12/31/11.

A) $430.
B) $530.
C) $540.
D) $550.