Help Save & Eat Subm Jacobs Company issued bonds with a $178.000 face value on January 1 Year 1. The bonds were ssued at 105 and carried a 5-year term to maturity. They had a 7 stated rate of interest that was payable in cash on December 31st of each year. Jacobs uses the straight line method to amortize bond discounts and premiums. Based on this information alone, how does the recognition of interest expense during Year 1 affect the company's accounting equation? Multiple Choice Decreases both assets and stockholdenecully by $10.600 Decreto noty 10.600 derby Underty 50 400 incess by Seyy Signeul