Diaz Company issued bonds with a $79,000 face vaiue on January 1, Year 1. The bonds had a 5 percent stated rate of interest and a 10-year term. Interest is paid in cash annually, beginning December 31 , Year 1 . The bonds were issued at 96 . The straight-line method is used for amortization. Required 0. Use a financial statements model like the one shown next to demonstrate how (1) the January 1, Year 1, bond issue and (2) the December 31, Year 1 , recognition of interest expense, including the amortizotion of the discount and the cash payment, affect the company's financial statements Note: Use + for increase or - for decrease. In the Statement of Cash Flows column, use the inltiols OA to designate operating octivity, IA for investing octivity, and FA for finoncing octivity. Not all cells require input. b. Determine the carrying value (tace value less discount or plus premium) of the bond liability as of December 31 , Year 1. c. Determine the amount of interest expense reported on the Year 1 income statement d. Determine the carrying value (tace value less discount or plus premium) of the bond lability as of December 31 Year 2 e. Determine the amount of interest expense reported on the Year 2 income staternent