_____ on 12/31/06, Maxx City Paid a Contractor $2,000,000 for the Total

_____ On 12/31/06, Maxx City paid a contractor $2,000,000 for the total cost of a new firehouse built in 2006 on city-owned land. Financing was by means of a $1,500,000 general obligation bond issue sold at face amount on 12/31/06, with the remaining $500,000 transferred from the General Fund. What should be reported on the city's 2006 financial statements for the Capital Project Fund?

A) Revenues, $1,500,000; Expenditures, $1,500,000.
B) Revenues, $1,500,000; Other Financing Sources, $500,000; Expenditures, $2,000,000.
C) Revenues, $2,000,000; Expenditures, $2,000,000.
D) Other Financing Sources, $2,000,000; Expenditures, $2,000,000.