URGENT

ABC Company began Year 1 with $50,000 in Cash and Common Stock. On January 1, Year 1, ABC Compary issued a of 20-year 10\% bonds. The bonds were issued at face value. Interest is paid on December 31 each year. If this is the activity in Year 1, what is the net affect on ABC's Total Liabilities & Equities on the Year 1 Balance Sheet? Total Liabilities \& Equities increase by less than $250,000 Total Liabilities \& Equities decrease Total Liabilities \& Equities increase $250,000 Total Liabilities \& Equities increase by more than $250,000