Check my work ! Required information [The following information applies to the questions displayed below.] Alexi Co. issued $3.50 million face amount of 9%, 10-year bonds on June 1, 2019. The bonds pay interest on an annual basis on May 31 each year. b-1. Independent of your answer to part a, assume that the proceeds were $3,141,000. 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.) Balance Sheet Income Assets Liabilities Stockholders' Equity Net Income Revenues Cash 3,500,000| + 3,141,000= Bonds payable = Discount on bonds payable +