Banker County has outstanding $4 million of term bonds that bear interest at 6% payable semiannually each January 30 and July 30. The County s fiscal year-end is 12/31. On December 28, 2011, the County transferred $240,000 to the Debt Service Fund. At December 31, the maximum amount the Debt Service Fund may recognize as interest expenditure is a. $120,000 b. $240,000. c. $100,000. [c] d. $0.