The City of Casper Levied Property Taxes for 2015 in the Amount

The City of Casper levied property taxes for 2015 in the amount of $9,000,000. By the end of the year,$7,200,000 had been collected. It was estimated that $500,000 would be collected during the next 60 days of 2015 and that $240,000 would be collected after that and the remainder would be uncollectible. The City has a policy of recognizing the full amount possible for property taxes. Which of the following statements is true?

A) The amount reported for property tax revenue in the government-wide Statement of Activities would be $7,700,000.
B) The amount reported for property tax revenue in the governmental fund Statement of Revenues, Expenditures, and Changes in Fund Balances would be $7,940,000.
C) Both A and B.
D) None of the above.