Required information [The following information applies to the questions displayed below.) Alexi Co, issued $3.10 million face amount of 6%, 10-year bonds on June 1, 2019. The bonds pay interest on an annual basis on May 31 each year. b-1. Independent of your answer to part a, assume that the proceeds were $2,748,000. Use the horizontal model to show the effect of issuing the bonds. Indicate the financial statement effect. (Enter your answers in whole dollars, not in millions. Enter decreases with a minus sign to indicate a negative financial statement effect.) Balance Sheet Liabilities Assets Stockholders' Equity Net Income elow.) on June 1, 2019. The bonds pay interest on an annual were $2,748,000. Use the horizontal model to show the effect of answers in whole dollars, not in millions. Enter decreases with Stockholders' Equity Income Statement Revenues Net Income Expenses +