The City of Eugene reported property tax revenues in 2017 in the amount of $10 million. The deferred inflow - property taxes reported in the General Fund's balance sheet was $ 475,000 on December 31, 2016 and was $ 400,000 on December 31, 2017. During 2017, $9,000,000 was collected. What amount should the city report for Property Tax Revenue in its year ended December 31, 2017 government-wide Statement of Activities?
A. $ 9,925,000
B. $ 8,975,000
C. $10,075,000
D. $ 9,625,000
Answer: A
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