During the current year, a business borrowed $60,000 cash from its bank to finance the purchase of equipment, repaid principal of $50,000 on existing loans with the bank, and paid $6,000 interest on all loans outstanding during the year. On the statement of cash flows, the entry or entries that will appear in the financing activities will include a(n). O increase in cash of $10,000. O decrease in cash of $50,000, and an increase of $60,000. O decrease in cash of $56,000, and an increase of $60,000. decrease in cash of $60,000, and an increase of $50,000