Jessie Company issued $5 million face amount of 8.75%, 15-year bonds on July 1, 2022. The bonds pay interest on an annual basis on June 30 each year. Exercise 7-15 (Algo) Part b - Horizontal model b-1. independent of your answer to part a, assume that the proceeds were $5,054,000. Use the horizontal model to show the effect of Issuing the bonds. Indicate the financial statement effect. Note: Enter your answers in whole dollar, not in millions. Enter decreases with a minus sign to indicate a negative financial statement effect. Assets Balance Sheet Liabilities Stockholders' Equity Nat Income