[The following information applies to the questions displayed below.) Alexi Company issued $3.90 million face amount of 5%, 10-year bonds on June 1, 2022. The bonds pay interest on an annual basis on May 31 each year. Exercise 7-16 (Algo) Part b - Horizontal model b-1. Independent of your answer to part a, assume that the proceeds were $3,549,000. Use the horizontal model to show the effect of issuing the bonds. Indicate the financial statement effect. Note: Enter your answers in whole dollars, not in millions. Enter decreases with a minus sign to indicate a negative financial statement effect. Assels Balance Sheet Liabilities + Stockholders' Equity Net Income Rev