On October 1,2019 , the City of Wolverine issued $6,000,000 in 4%, general obligation bonds at 101 for the purpose of constructing an addition to City Hall. The premium was transferred to a debt service fund. A total of $5,968,750 was used to construct the addition, which was completed prior to June 30,2020 . The remaining funds were transferred to the debt service fund. The bonds were dated October 1, 2019, and paid interest on April 1 and October 1 . The first of 20 annual principal payments of $250,000 is due October 1,2020 . The fiscal year for Wolverine is July 1 - June 30 . How would the construction costs of $5,968,750 be reported at year-end? As an expenditure of the capital projects fund and an expense in the government-wide Statement of Activities. As an expenditure of the capital projects fund and a capital asset in the government-wide Statement of Net Position. As a capital asset in the Statement of Net Position only. As an expenditure of the capital projects fund only