The debt service fund makes a \($10,000,000\) payment on the principal of general obligation long-term debt. How is this reported on the financial statements of the debt service fund?

a. Expenditure on the statement of revenues, expenditures and changes in fund balances

b. Expenditure on the statement of revenues, expenditures and changes in fund balances, and long-term debt on the balance sheet will be lower

c. Long-term debt on the balance sheet will be lower

d. Outflow of cash for financing on the statement of cash flows, and long-term debt on the balance sheet will be lower