A sales tax is shared 50-50 between the county and the state. Businesses pay the county the full amount of the tax, and the county distributes half of the tax to the state. The county reports activities regarding the state's share of the sales tax in a custodial fund. The county collects $2,750,000 in sales taxes that belong to the state, and distributes $2,500,000 to the state. 

How are these activities reported on the operating statement of the county's custodial fund?

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On the operating statement of the countys custodial fund the activities related to the states share ... View the full answer