Help Savet Exit Submit Required information The following information applies to the questions displayed below! On January 1, 2019, Drennen Inc. issued $3,6 million face amount of 10 year, 18% stated rate bonds when market interest rates were 16%. The bonds pay semiannual interest each June 30 and December 31 and mature on December 31, 2028 Table 6-4. Table 6.5 (Use appropriate factor from the table provided.) b-1. Assume instead that the proceeds were $3,563,000. Use the horizontal model to record the payment of semiannual interest and the related discount amortization on June 30, 2019, assuming that the discount of $37,000 is amortized on a straight-line basis. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative financial statement effect.) Assets Cash Balance Sheet Llabilities Discount on bonds payablo Stockholders' Equity Net Income Re