A company reported that its bonds with a par value of $50,000 and a carrying value of $60,500 are retired for $64,200 cash, resulting in a loss of $3,700. The amount to be reported under cash flows from financing activities is:

a) Zero. This is an operating activity.

b) $(64,200).

c) $(3,700).

d) Zero. This is an investing activity.

e) $(60,500).