Required information Use the following information for problems 14, 15, and 16 [The following information applies to the questions displayed below.] A city opens a solid waste landfill that it expects to fill to capacity gradually over a 9-year period. At the end of the first year, it is 11 percent filled. At the end of the second year, it is 25 percent filled. Currently, the cost of closure and postclosure is estimated at $1 million. None of this amount will be paid until the landfill has reached 90 percent of its capacity. Problem 17-14 (Algo) (LO 17-5) Which of the following is true for the Year 2 government-wide financial statements? Multiple Choice Multiple Choice. Expense will be $130,000 and liability will be $260,000. Both expense and liability will be $140,000. Both expense and liability will be zero. Expense will be $140,000 and liability will be $250,000