A water utility issued $20,000,000 of revenue bonds in 2022. The bonds pay interest in March and September, and, starting in September, 2023, $1,000,000 of bond principal will mature and be paid. Which of the following statements is correct on the December 31, 2022 Statement of Net Position for the water utility?

A) Interest payable for the amount accrued since the September, 2022, interest payment is not reported because it is not legally payable until March, 2023.

B) $19,000,000 of bonds payable will be reported under long-term debt.

C) Both A and B

D) None of the above