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Stuart Compary issued bonds with a face value of $205,000 on January 1, Year 1 . The bonds had a stated interest rate of 8 percent and a five year term. Interest is paid in cash annually, beginning December 31 , Year 1 . The bonds were issued at 102 . The straight-line method is used for amortization. Required 0. Use a financial statements model to demonstrate how (0) the January 1 , Year 1, bond issue and (2) the December 31, Year 1, recognition of interest expense, including the amortization of the premlum and the cash payment, affect the company's financial statements, Use + for increase, - for decrease, and leave blank for not atfected b. Determine the carrying value (face value less discount or plus premium) of the bond liablity as of December 34, Year 1 c. Determine the amount of interest expense reported on the Year 1 income statement. d. Determine the cartying value of the bond liability as of December 31, Year 2 . e. Determine the amount of interest expense feported on the Year 2 income statement. Complete this question by entering your answers in the tabs below. Use a finandial statements model to demonstrate how (1) the kanuary 1, Year 1, bond issue and (2) the December 31, Year 1, recognition of interest expenso, Including the amortization of the premium and the cash payment, affect the company'o financial statements. Use + for increase, - for decrease, and leave blank for not affected. (th the Statement of Cauh Flows column, uso thent initats oA to designate operating actlivity, IA for livivesting activity, FA for financing activity, and leave. blankfor not affected.) Stuart Company issued bonds with a face value of $205,000 on January 1 , Year 1 . The bonds had a stated interest rate of 8 percer and a five-year term. Interest is paid in cash annually, beginning December 31 , Year 1 . The bonds were issued at 102 . The straight-1 method is used for amortization. Required a. Use a financial statements model to demonstrate how (1) the January 1, Year 1, bond issue and (2) the December 31 , Year 1. recognition of interest expense, including the amortization of the premium and the cash payment, affect the company's financial statements. Use + for increase, - for decrease, and leave blank for not affected b. Determine the carrying value (face 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 of the bond liability as of December 31 , Year 2 e. Determine the amount of interest expense reported on the Year 2 income statement. Complete this question by entering your answers in the tabs below. b. Determine the carrying value (face 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 of the bond liability as of December 31 , Year 2. e. Determine the amount of interest expense reported on the Year 2 income statement