The Town's fiscal year ends on December 31. On October 1, 20x8, the town issued $1.000.000 of 7%, 10-year term bonds with semiannual interest payments due on April 1 and October 1 each year, beginning on April 1, 20X9. What amount of expenditures should the town recognize in its debt service fund for the years 20x8 and 20x9? $70,000 in 20x8; $70,000 in 20X9. $35,000 in 20x8; $70,000 in 20x9 $17,500 in 20x8; 570,000 in 20x9. 50 in 20XB: 570,000 in 20X9