If the city in the previous question decides to keep the property for its own use, what amount of expenditures and revenues should be recognized?

a. $0

b. $39,000

c. $50,000

d. None of the above.

Data from previous Question

A city has formalized tax liens of $50,000 against a property that is subject to delinquent taxes receivable. The estimated salable value of the-property is $39,000. The remaining total balances in Property Taxes Receivable—Delinquent and the related allowance are $113,000 and $28,000, respectively. What amount should be reclassified from allowance for uncollectible delinquent taxes to allowance for uncollectible tax liens?
a. $0 b. $11,000 c. $28,000 d. $8,589