The City of Spartan's Fiscal Year Ends on December 31

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 expense should the city recognize in its governmental activities journal 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; $60,000 in 2018.
D) $0 in 2017; $60,000 in 2018.