The Following Data Applies to the Next Three Questions

Multiple Choice

The following data applies to the next three questions:
The City of Charlestown levied property taxes in the amount of $10,000,000. It is estimated that 2% will not be collected. The taxes were levied July 1, 2014 for the fiscal year ended June 30, 2015. During the year ended June 30, 2015, $8,900,000 in property taxes were collected from this levy. It is estimated that $620,000 will be collected during the next 60 days, $300,000 will be collected more than 60 days after June 30, 2015, and $180,000 will never be collected.
-How much will the city report as Deferred Inflow - Property Taxes in its June 30,2015 government-wide Statement of Net Position?

A) $ 0.
B) $ 180,000.
C) $ 300,000.
D) $ 620,000.