104 On January 1, Year 1 Residence Company issued bonds with a $50,000 face value. The bonds were issued resulting in a 4% premium. They had a 20 year term and a stated rate of Interest of 7%. Which of the following shows how the bond issue will affect Residence's financial statements on January 1, Year 12 Multiple Choice TIR Income Statement Assets 50,000 Balance Sheet Carrying Value Bond Liability. Equity 48,000 2,000 Rev. NA Exp. NA - Net Inc. NA Statement of Cash Flows 48,000 FA sa Income Statement Balance Sheet Carrying Value Bond Liability. Equity 48,000 NA Statement of Cash Flows 48,000 FA Assets 48,000 Rev. NA Exp. NA Net Inc. NA Income Statement Balance Sheet Carrying Value Bond Liability + Equity 52,000 NA Statement of Cash Flows 52,000 FA Net Inc. Assets 152,000 Rev. NA Exp. NA NA Income Statement Balance Sheet Carrying Value Bond LiabilityEquity 50,000 NA Statement of Cash Flows 50,000 FA Assets 50,000 Rev. NA Exp. NA Net Inc. NA