During the fiscal year ended December $31,2024,$ the City of Johnstown issued $5\%$ general obligation serial bonds in the amount of $$2,000,000$ at $102($$$2,040,000)$ and used $$1,990,000$ of the proceeds to construct a fire station. The $$40,000$ premium was transferred to a debt service fund. The $$10,000$ left in the capital projects fund at the end of the project was later transferred to the debt service fund. The bonds were dated April $1,2024$ and paid interest on October $1$ and April $1.$ The first of $10$ equal annual principal payments was due on April $1,2025.$

The amount of capital outlay expenditures reported by the capital projects fund would be:

$$1,990,000.$

$$2,010,000.$

$$2,030,000.$

$$2,000,000.$