The City of Charlotte 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 $ 300,000 on December 31, 2016 and was $ 375,000 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. $ 9,075,000
B. $ 10,375,000
C. $ 10,075,000
D. $ 9,975,000
Answer: C
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