Lecture Video Assessment 10-23 [LO 3B] On January 1, Year 1 Residence Companyissued bonds with a $50,000 face value. The bonds were issued at face value. They had a 20 year term and a stated rate of interest of 7% which of the following shows how the bond issue will affectResidence's financial statements on January 1, Year 1? Statement of Cash Flows (50,000) IA Balance Sheet Income Statement Assets Liab. + Equity NA Rev. Exp Net Inc. NA NA NA NA NA Statement of Cash Flows (50,000) FA Balance Sheet Income Statement Assets = Liab. + Equity NA Rev. . Exp. = Net Inc. NA NA NA NA NA Statement of Cash Flows 50,000 FA Balance Sheet Income Statement Assets= Liab. +Equity 50,000 Rev.. Exp.= Net Inc. NA NA NA NA 50,000 Statement of Cash Flows (50,000) IA Income Statement Balance Sheet Assetsab + Equity 50,000 Rev. . NA Exp NA Net Inc. NA NA (50,000