The City of Spartan's fiscal year ends on December 31. On October 1, 2017, the city issued $1,000,000 of 6%, 10-year term bonds with semi-annual interest payments due on March 1 and October 1 each year, beginning on April 1, 2018. What amount of expenditures should the city recognize in its debt service fund for the years 2017 and 2018? A. $60,000 in 2017; $60,000 in 2018. B. $30,000 in 2017; $60,000 in 2018. C. $15,000 in 2017; $6,000 in 2018. D. $0 in 2017; $60,000 in 2018.