Determining cash flows from financing activities

On January $1,$ Year $1,$ DIBA Company had a balance of $$450,000$ in its Bonds Payable account.

During Year $1,$ DIBA issued bonds with a $$200,000$ face value. There was no premium or discount

associated with the bond issue. The balance in the Bonds Payable account on December $31,$ Year $1,$

was $$400,000.$

Required

a$.$ Determine the cash outflow for the repayment of bond liabilities assuming that the bonds were

retired at face value.

b$.$ Prepare the financing activities section of the Year $1$ statement of cash flows.