On December 31, 2006, Dingle Township Paid a Contractor $2,000,000

On December 31, 2006, Dingle Township paid a contractor $2,000,000 for the total cost of a new fire station built in 2006 on township-owned land. Financing was by means of $1,500,000 general obligation bonds that were issued at face amount on December 31, 2006, and $500,000 transferred from the General Fund on that date.
-The amounts to be reported in Dingle Township's financial statements for the Capital Project Fund are:

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