Cash of $60,000 is transferred from the General Fund to the Debt Service Fund. What is reported on the fund-based financial statements?

a. No reporting is made.

b. Other Financing Sources increase by $60,000; Other Financing Uses increase by $60,000.

c. Revenues increase by $60,000; Expenditures increase by $60,000.

d. Revenues increase by $60,000; Expenses increase by $60,000.