QUESTION 9 A small group of Seaside City employees accepted a voluntary termination plan during Year 1. The city will pay a set amount to the terminated employees at the end of the following years: Year 1,520,000 Year 2, 530,000, Year 3, $15,000 The discounted present value of the payments for Year 2 and 3 totals 542,000. What amount of expenditures should be reported in the governmental fund-level financial statements in Year 12 O $20,000 $50,000 $62,000 O $65,000