A special district accounts for its general fund on a modified accrual basis. In a particular period it engaged in the following transactions:

• It issued $20 million in longterm bonds.
• It acquired several tracts of land at a total cost of $4 million, paying the entire amount in cash.
• It sold a portion of the land for $1 million, receiving cash for the entire amount.
• It repaid $2 million of the bonds.
• It lost a lawsuit and was ordered to pay $9 million over three years. It made its first cash payment of $3million.

What is the total Expenditure reported in the General Fund ?

$2 Mill

$3 Mill

$4 Mill

$7 Mill