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During 2 0 2 5 , Ayayai Company issued $ 1 1 2 8 0 0 0 of bonds during the year and used the

During 2025, Ayayai Company issued $1128000 of bonds during the year and used the proceeds, along with additional cash on hand, to retire $2350000 of previously issued bonds. Ayayai's statement of cash flows for 2025 will report a(n)
net loss on retirement of bonds of $1222000.
increase in cash of $1128000 and a decrease in cash of $2350000.
net increase in cash of $1222000.
net decrease in cash of $1128000.
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