The following information pertains to property taxes levied…
The following information pertains to property taxes levied by Sycamore City for 2025: Collections during 2025$ 1,200,000Expected collections during the first 60 days of 2026200,000Expected collections at the end of 2026110,000Expected collections during January 202740,000Estimated to be uncollectible 30,000Total levy$1,580,000 What amount should Sycamore report for 2025 net property tax revenues?