What is the computations for the following answers? Ican't figure this one out.
The following information relates to Hudson City for its fiscalyear ended December 31, 2017. • During the year, retailers in thecity collected $1,700,000 in sales taxes owed to the city. As ofDecember 31, retailers have remitted $1,100,000. $200,000 isexpected in January 2018, and the remaining $400,000 is expected inApril 2018. • On December 31, 2016, the Foundation for the Artspledged to donate $1, up to a maximum of $1 million, for each $3that the museum is able to collect from other private contributors.The funds are to finance construction of the city-owned art museum.During 2017, the city collected $600,000 and received the matchingmoney from the Foundation. In January and February 2018 itcollected an additional $2,400,000 and also received the matchingmoney. • During the year the city imposed license fees on streetvendors. All vendors were required to purchase the licenses bySeptember 30, 2017. The licenses cover the one-year period fromOctober 1, 2017, through September 30, 2018. During 2017 the citycollected $240,000 in license fees. • The city sold a fire truckfor $40,000 that it had acquired five years earlier for $250,000.At the time of sale the city had charged $225,000 in depreciation.• The city received a grant of $2 million to partially reimbursecosts of training police officers. During the year the cityincurred $1,500,000 of allowable costs and received $1,200,000. Itexpects to incur an additional $500,000 in allowable costs inJanuary 2018 and to be reimbursed for all allowable costs by theend of February 2018. Refer to the two lists that follow. Selectthe appropriate amounts from the lettered list for each item in thenumbered list. An amount may be selected once, more than once, ornot at all. 1. Amount of sales tax revenue that the city shouldrecognize in its funds statements e. $40,000 2. Amount of sales taxrevenue the city should recognize as revenue in government-widestatements m. $1,000,000 3. Increase in deferred inflows in fundsstatements from sales tax revenues not yet received e. $40,000 4.Contribution revenue from Foundation for the Arts to be recognizedin funds statements h. $225,000 5. Contribution revenue fromFoundation for the Arts to be recognized in government-widestatements h. $225,000 6. Revenue from license fees to berecognized in funds statements j. $400,000 7. Increase in generalfund balance owing to sale of fire engine c. $15,000 8. Increase innet position (government-wide statements) owing to sale of fireengine c. $15,000 9. Revenue in fund statements from policetraining grant p. $1,500,000 10. Revenue in government-widestatements from police training grant p. $1,500,000