A city sells $15 million of general obligation bonds on October 1, 2019. The bonds mature at the rate of $1 million a year each September 30, starting September 30, 2020. The amount due September 30, 2020 is paid. Also, the current year's annual interest on the bonds of $450,000 was paid on September 30, 2020. How much should the city report as expenditures in the Debt Service Fund in its year-end fund level financial statements on December 31, 2020
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