A Debt Service Fund Collects $1,000,000 in Current Year Property

A Debt Service Fund collects $1,000,000 in current year property taxes that are dedicated to the payment of debt service principal and interest during the year. It also expects to collect an additional $60,000 of dedicated current year property taxes during the first 60 days of the next fiscal year. The General Fund transferred $250,000 to the Debt Service Fund during the current year. Earnings on investments in the Debt Service Fund for the current year was $28,000. How much other financing sources should the Debt Service Fund report for the current year?

A) $1,310,000
B) $1,278,000
C) $1,250,000
D) $278,000
E) $250,000