On the following facts about an Enterprise Fund for a utilityoperation:
Outstanding bonds issued for capitalimprovements........................ $10,500,000
Transfer to General Fund (occursannually)..................................... $500,000
Charges for services earned in the currentyear................................. $14,600,750
Unspent capital bond issueproceeds.................................................$4,000,000
Salaries and wages expense for the currentyear............................... $9,600,000
Interest earning on allinvestments....................................................$600,000
Fair market value of water lines donated by a localdeveloper.......... $1,000,000
Net book value of all other existing capitalassets............................. $7,310,500
Invested in capital assets, net of related debt, would be
A. $7,310,500
B.$ 8,310,500
C. ($2,189,500)
D. $4,310,500
E. $1,810,500