A city sells $$15$ million of general obligation bonds on October $1,2022.$ The bonds mature at the rate of $$1$ million a year each September $30,$ starting September $30,2023.$ The amount due September $30,2023$ is paid. Also, the current year's annual interest on the bonds of $$450,000$ was paid on September $30,2023.$

How much should the city report as expenditures in the Debt Service Fund in its year$-$end fund level financial statements on December $31,2023?$

Select one:

a$.$ $$450,000$

b$.$ $$1,000,000$

c$.$ $$1,450,000$

d$.$ $$14,000,000$