A city issues bond anticipation notes on October 21, 20X0. It refunds the notes with 30-year bonds in January 20Xl. In its financial statements for the fiscal year ending December 31, 20X0, which are issued in April 20Xl, it should report the bond anticipation notes as obligations:
a. In both its government-wide statement of net position and a governmental fund balance sheet.

b. In its government-wide statement of net position but not its governmental fund balance sheet.
c. In its governmental fund balance sheet but not its government-wide statement of net position.
d. In neither its governmental fund balance sheet nor its government-wide statement of net position.