The City of Watertown's fiscal year ends on December 31. On October 1, 2020, the city issued $1,000,000 of 4%, 10-year term bonds. The first semiannual payment will occur on April 1, 2021. What amount of expenditures/expense should the city recognize in its debt service fund and within the government-wide financial statements for 2020?

• $0 in the debt service fund; $0 in the government-wide

• $10,000 in the debt service fund; $10,000 in the government-wide

• $10,000 in the debt service fund; $40,000 in the government-wide

• $0 in the debt service fund; $10,000 in the government-wide