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A company issues a $100,000 bond payable this year for 102. In addition, another bond payable with a $50,000 book value is retired. This transaction

A company issues a $100,000 bond payable this year for 102. In addition, another bond payable with a $50,000 book value is retired. This transaction necessitates the recognition of a $3,000 loss. During the year, the company paid interest on these bonds of $4,000. What is the net amount of cash that the company received this year in its financing activities

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