Return to question Required information The following information applies to the questions displayed below) Alexi Co. Issued $2.50 million face amount of 10%, 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 parto, assume that the proceeds were $2.149.000. 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.) 3 Answer is not complete. Balance Sheet Liabilities Assets Stockholders' Equity Net Income Inces Revenues Discount on bonds Cash . Discount on bonds payable Decount on bonds Bonds payable . en June 1. 2019. The bonds pay interest on an annual $2,149,000. Use the horizontal model to show the effect of wers in whole dollars, not in millions. Enter decreases with Answer is not complete. Stockholders' Equity Net Income Income Statement Revenues Discount on bonds payable Discount on bonds payable Expenses Discount on bonds + + Discount on bonds payable