On January 1,2013,a City Recorded General Fund Property Tax Revenues

On January 1,2013,a city recorded General Fund property tax revenues of $750,000,but made no provision for uncollectible receivables or tax refunds.During the year,it collected property taxes of $720,000,wrote off $4,000 as uncollectible,and made tax refunds of $3,000.At year-end,the city finance director concluded that $10,000 of the delinquent taxes would be collected in January and February of 2014,$12,000 would be collected later in 2014,and $1,000 would need to be written off as uncollectible.How much should the city report as property tax revenue in its General Fund financial statements for the year 2013?

A) $720,000
B) $730,000
C) $742,000
D) $713,000