E-Tech Initiatives Limited plans to issue $550,000. 10-year, 6 percent bonds. Interest is payable annually on December 31. All of the bonds will be issued on January 1, 2016. Show how the bonds would be reported on the January 2, 2016, balance sheet if they are issued at 97. (Negative amounts should be Indicated by a minus slgn.) E-TECH INITIATIVES LIMITED Balance Sheet (partial) As of December 31, 2015 Long-Term Liabilities Bonds Payable Discount on Bonds Payable $ 550,000 Carrying Value $ 550,000