Required Information The following information applies to the questions displayed below] On January 1, Year 1. Jones Company issued bonds with a $220,000 face value, a stated rate of interest of 75%, and a 5- year term to maturity. The bonds were issued at 97. Interest is payable in cash on December 31st of each year. The company amortizes bond discounts and premiums using the straight-line method. What is the total amount of liabilities shown on Jones' balance sheet at December 31, Year 2? Multiple Choice $210,760 O $213.400 O $216,040 $214,720 Jacobs Company issued bonds with a $168.000 face value on January 1 Yeart. The bonds were issued at 105 and carried a year termo maturity They had a stated rate of rest was payable in carton December 31st of each year. Jacobs uses the straight line method to amortize bondscounts and premiums. Based on this information on how does the recognition of interest expense during the company's accounting equation? Multiple Choice Increases libres by 54680, decreases assets by 0.440, and decreases sociais equity by $5.00 Decreases both wes and stockholders' egally by $15:20 Decreases both assets and other equity by $13,440 Decreases Stockholders' culty by 59,440. decreases by S6 and decreases by $15.00