When oscar city prepared its governmental fund balance sheet for the year ended december 31, 2018, the general fund column contained the following balances: property taxes receivable—delinquent: $18,000; allowance for uncollectible taxes: $2,000; deferred inflows of resources—property taxes: $5,000. during 2019, oscar collected $16,000 of the delinquent taxes and wrote off the balance of the allowance account.

oscar levied real property taxes in the amount of $1,350,000 to finance its general fund budget for the calendar year 2019. during the year, oscar collected $1,280,000 against this levy. with regard to the remaining $70,000, oscar expected to collect $47,000 during the first 2 months of calendar year 2020 and $20,000 later in the year between march and august 2020. oscar wrote off $3,000 as uncollectible.

using this information, (a) calculate how much property tax revenue oscar will recognize in its governmental fund statements for 2019; (b) calculate how much property tax revenue oscar will rec-ognize in its government-wide statements for 2019; and (c) prepare the journal entries needed to adjust the fund statements so government-wide statements can be prepared.

Selected information about income statement accounts for the reed company is presented below (the company's fiscal year ends on december 31): 2018 2017sales $ 4,400,000 $ 3,500,000cost of goods sold 2,860,000 2,000,000administrative expenses 800,000 675,000selling expenses 360,000 312,000interest revenue 150,000 140,000interest expense 200,000 200,000loss on sale of assets of discontinued component 50,000 —on july 1, 2018, the company adopted a plan to discontinue a division that qualifies as a component of an entity as defined by gaap. the assets of the component were sold on september 30, 2018, for $50,000 less than their book value. results of operations for the component (included in the above account balances) were as follows: 1/1/18-9/30/18 2017 sales $ 400,000 $ 500,000 cost of goods sold (290,000 ) (320,000 )administrative expenses (50,000 ) (40,000 )selling expenses (20,000 ) (30,000 )operating income before taxes $ 40,000 $ 110,000 in addition to the account balances above, several events occurred during 2018 that have not yet been reflected in the above accounts: a fire caused $50,000 in uninsured damages to the main office building. the fire was considered to be an infrequent but not unusual event.inventory that had cost $40,000 had become obsolete because a competitor introduced a better product. the inventory was sold as scrap for $5,000.income taxes have not yet been recorded.required: prepare a multiple-step income statement for the reed company for 2018, showing 2017 information in comparative format, including income taxes computed at 40% and eps disclosures assuming 300,000 shares of common stock. (amounts to be deducted should be indicated with a minus sign. round eps answers to 2 decimal places.)

Environmentalists are concerned about emissions of sulfur dioxide into the air. the average number of days per year in which sulfur dioxide levels exceed 150 milligrams per cubic meter in milan, italy, is 29. the number of days per year in which emission limits are exceeded is normally distributed with a standard deviation of 4.0 days. what percentage of the years would exceed 37 days?

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