Tony’s business has been struggling for a while. His marketing strategy has not worked with the consumers. His business has reached a stage where its market value is at an all-time low. Tony plans to sell his business. Gavin, an entrepreneur, has been interested in buying Tony’s business for a while. Currently, Gavin is in an ideal position to buy Tony’s business because it is (blank)

Avillage levied property taxes of $910,000 for calendar year 2019 on january 1, 2019 and immediately set up an allowance of $10,000 for uncollectible taxes. the village collected $870,000 in cash during 2019. it expected to collect $22,000 of the unpaid taxes during the first 60 days of 2020 and an additional $8,000 during the rest of 2020. how much should the village recognize as property tax revenues in its 2019 general fund financial statements? a) $870,000 b) $892,000 c) $900,000 d) $910,000