On March 2, 2023, 20-year, 3 percent, general obligation serial bonds were issued by Mossy County at the face amount of $3,000,000. Interest of 3 percent per year is due semiannually on March 1 and September 1. The first principal payment of $150,000 is due on March 1, 2024. The countys fiscal year-end is December 31. What amounts are reported as interest expense in the government-wide financial statements and interest expenditure in the debt service fund for 2023?

Interest Expense

Interest Expenditure

Multiple Choice

A $75,000

$45,000

B $45,000

$75,000

C $75,000

$75,000

D $75,000

$90,000