Jessie Company issued $7 million face amount of 7%,30-year bonds on July 1, 2022. The bonds pay interest on an annual basis an 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 $7,069,000. 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. Jessie Company issued $7 million face amount of 7%,30-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 - Journal entry b-2. Independent of your answer to part a, assume that the proceeds were $7,069,000. Record the journal entry to show the effect of issuing the bonds. Note: Enter your answer in whole dollar, not in millions. If no entry is required for a transaction/event, select "No journal entry, required" in the first account field. Journal entry worksheet Jessie Company issued $7 million face amount of 7%,30-year bonds on July 1,2022 . The bonds pay interest on an annual basis on June 30 each year. Exercise 7-15 (Algo) Part c c. Calculate the interest expense that Jessie Company will show with respect to these bonds in its income statement for the fiscal year ended December 31, 2022, assuming that the premium of $69.000 is amortized on a straight-line basis. Note: Enter your answers in whole dollar, not in millions