On March $2,2023,20-$year, $3$ percent, general obligation serial bonds were issued by Mossy County at the face amount of $$2,800,000.$ Interest of $3$ percent per year is due semiannually on March $1$ and September $1.$ The first principal payment of $$140,000$ is due on March $1,2024.$ The county$$s fiscal year$-$end is December $31.$ What amounts are reported as interest expense in the government$-$wide financial statements and interest expenditure in the debt service fund for $2023?$

$$

Interest

ExpenseInterest

Expenditure

Multiple Choice

$$70,000\mathrm{.}00$$$42,000\mathrm{.}00$

$$42,000\mathrm{.}00$$$70,000\mathrm{.}00$

$$70,000\mathrm{.}00$$$70,000\mathrm{.}00$

$$70,000\mathrm{.}00$$$84,000\mathrm{.}00$