A company reported that its bonds with a par value of $50,000 and a carrying value of $66,000 are retired for $70,800 cash, resulting in a loss of $4,800. The amount to be reported under cash flows from financing activities is:

A.) $(66,000).

B.) $16,000.

c.) $(16,000).

D.) $(4,800).

E.) $(70,800).