Over the past 40 years, technological advances have reduced the cost of computer chips. This has led toa decrease in the supply of computers, causing the price of computers torise . Because computers and computer software arecomplements , this change in price causes the demand for computer software toincrease . However, computers and typewriters are substitutes , to the change in the price of computers decreases the demand for typewriters.

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