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A company issued 12% bonds, dated January 1 , with a face amount of $420 million on January 1 , Year 1 . The bonds

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A company issued 12% bonds, dated January 1 , with a face amount of $420 million on January 1 , Year 1 . The bonds mature in Year 11 (10 years). For bonds of similar risk and maturity the market yield is 14%. Interest expense is recorded at the effective interest rate. Interest is paid semiannually on June 30 and December 31. The company recorded the sale as follows: Required: What would be the amount(s) related to the bonds that the company would report in its statement of cash flows for the year ended December 31, Year 1? Note: Cash outflows should be indicated with a minus sign. Enter your answers in whole dollars and not in millions. Cash inflow from financing activities Cash inflow from investing activities Cash inflow from operating activities Cash outflow from financing activities Cash outflow from investing activities Cash outflow from oberatina activities

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