The city of Brittainville's Special Revenue Fund levied $350,000 in taxes, of which 1% was expected to be uncollectible during the current year. Also during the year, the fund collected $ 7,500 of interest revenue and $ 50,000 was transferred from the General Fund. As a result of these transactions fund balance will increase by
a. $407,500
b. $404,000
c. $357,500
d. $354,000
e. $400,000
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