12 The following information was taken from the 2018 financial statements of Stromboli Corporation: Bonds payable, January 1, 2018 Bonds payable, December 31, 2018 $ 400,000 4,900,000 a. During 2018 A $720,000 payment was made to retire bonds payable with a face amount of $800,000. Bonds payable with a face amount of $880,000 were issued in exchange for equipment. In its statement of cash flows for the year ended December 31, 2018, what amount should Stromboli report as proceeds from issuance of bonds payable? $5,300,000 Ob. $4,280,000 $4,800,000 Oc $4,420,000 Od