A city receives notice of a S150,000 grant from the state to purchase vans to transport challenged individuals. Although the city did not receive any of the grant funds during the current year, the city purchased a bus for $65,000 and issued a purchase order for a van for $60,000. The grant revenue that t current year is he city should recognize in the government-wide financial statements in the а) $-0- b) $ 65,000. c) $125,000. d) $150,000.