7. Nolanville starts fiscal 2021 with $25,000 in supplies. During the year, it orders $180,000 in supplies, receives $170,000, and uses $190,000. It accounts for inventories on the consumption basis. In its 2021 governmental fund financial statements it should report Expenditure Nonspendable Fund Balance a. $180,000 $ 0 b. $170,000 $ 5,000 c. $190,000 $ 0 d. $190,000 $15,000 8. Assume the same facts as in the previous question. In its 2021 government-wide financial statements it should report Expense Inventory a. $170,000 $ 0 b. $170,000 $15,000 c. $190,000 $5,000 d. $190,000 $15,000 9. On December 1, 2021, Nolanville issued $10 million of 30-year, 8 percent bonds for $9.78 million, a price that reflects a semiannual yield of 4.1 percent. Interest (S400,000 per semiannual period) is payable on May 31 and November 30, beginning May 31, 2022. In its 2021 fund and government-wide statements, Nolanville should report an interest expenditure/expense of Fund Statements Government-Wide Statements a. $ $ 0 b. $66,667 $66,667 c. $66,830 $66,830 d. s $66,830 10. In May 2023, Nolanville repaid $2 million of the bonds that it had issued in 2021. In its 2023 fund and government- wide statements, Nolanville should report an expenditure/expense relating to the repayment of the bonds of Fund Statements Government-Wide Statements $ 0 b. $2 million $ o c. $ $2 million d. $2 million $2 million 0 0 a. $ o o FX 5.2