NQ5 0 Saved Help Save & Exit Submit 6 Required Information [The following information applies to the questions displayed below.) Alexi Co. Issued $2.70 million face amount of 7%, 10-year bonds on June 1, 2019. The bonds pay Interest on an annual basis on May 31 each year. Part 2 of 2 8 01329 X 01:54:28 b-1. Independent of your answer to part a, assume that the proceeds were $2,348,000. Use the horizontal model to show the effect of Issuing the bonds. Indicate the financial statement effect. (Enter your answers in whole dollars, not in millions. Enter decreases with a minus sign to Indicate a negative financial statement effect.) eBook Balance Sheet Liabilities Income Statement Revenues Assets + Stockholders' Equity Net Income