To finance a general government construction project Nathan Township issued $$10,000,000$ face value general obligation bonds for $$9,900,000.$ The township also incurred issuance costs equal to $2\%$ of the face value. A Debt Service Fund will be used to account for repayment of the debt.

The Debt Service Fund liability that should be reported by Nathan Township in the year of the debt issuance would be

$$0.$

$$9,700,000.$

$$9,900,000.$

$$10,000,000.$

At the date of issue the Township$$s General Long$-$Term Liability accounts would reflect total liabilities for bonds payable liability of

$$9,700,000.$

$$9,900,000.$

$$10,000,000.$

$$10,100,000.$

In the year of debt issuance, the Capital Projects Fund would report Other Financing Sources in the amount of

$$0.$

$$9,700,000.$

$$9,900,000.$

$$10,000,000.$