4. If $120,000 of bonds are issued during the year but $200,000 of old bonds are retired during the year, the statement of cash flows will show what impact/line item(s) in the financing activities section?

	net increase in cash of $80,000.
	net decrease in cash of $80,000.
	increase in cash of $120,000 and a decrease in cash of $200,000.
	net loss on retirement of bonds of $80,000.