Required information Use the following information for problems 14, 15, and 16 (The following information applies to the questions displayed below.) A city opens a solid waste landfill that it expects to fill to capacity gradually over a 12-year period. At the end of the first year, it is 7 percent filled. At the end of the second year, it is 17 percent filled. Currently, the cost of closure and postclosure is estimated at $1 million. None of this amount will be paid until the landfill has reached 90 percent of its capacity. Problem 17-14 (Algo) (LO 17-5) Which of the following is true for the Year 2 government-wide financial statements? Multiple Choice Expense will be $100,000 and liability will be $170,000. Both expense and liability will be zero. Expense will be $90,000 and liability will be $180,000. Problem 17-15 (Algo) (LO 17-5) If this landfill is judged to be a proprietary fund, what liability will the city report at the end of the second year on its fund financial statements? Multiple Choice $0. $180,000 $100,000 Problem 17-16 (Algo) (LO 17-5) If this landfill is judged to be a governmental fund, what liability will the city report at the end of the second year fund financial statements? Multiple Choice $180,000 $100,000 $170,000