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Required information The following information applies to the questions displayed below) Alex Consued $370 milion face amount of 8%, 10 year bonds on June 2019.

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Required information The following information applies to the questions displayed below) Alex Consued $370 milion face amount of 8%, 10 year bonds on June 2019. The bonds pay interest on an annual basis on May 31 each year b-t. Independent of your answer to parta assume that the proceeds were 33,332,000. 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) Sheet Stackery Netice Income Statement Revenues 1 Expenses 1

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