17. A local government established a new special revenue fund during the current year. The fund incurred the following transactions: Purchased new machines, five-year life Paid interest debt $140,000 225,000 Paid debt principal Paid management salaries 200,000 V 50,000 Paid to a pension trust fund 30,000 Transfer to a debt service fund 20,000 Purchased office equipment, four-year life 100,000 V Federal capital grant received 75,000 Paid utilities 50,000 Purchased office supplies (1/2 used up) 20,000 If the unit expects the assets to have no salvage value, what amount would be recognized as expenditures for the current year? O $365,000 O $418,000 O $890,000 O $910,000 O $785,000 $815,000 $835,000