LO 5 MC10-18. A city issues $500,000 of 10-year general obligation bonds on April 1. 2019. It is required to make a principal payment of $50,000 on April 1 of each year, starting with April 1, 2020, with interest of 4 percent per annum paid on the unpaid principal. How much interest expenditure and expense should the city recognize in its governmental fund and government-wide operating statements for the calendar year ending December 31, 20192 a. b. c. d. Governmental Fund Operating Statement $15,000 0 15,000 0 Government-Wide Operating Statement $15,000 0 0 15,000