EX1 5,000 Dec. 31, 2016 Dec. 31, 2015 Plant assets 60,000 336,000 Statement of Cash Flows (Indirect Method) During the year, the company sold for $17,000 cash old equipment that had cost $36,000 and had $19,000 accumulated depreciation. New equipment worth $60,000 was acquired in exchange for $60,000 of bonds payable. Bonds payable of $100,000 were retired for cash at a loss. A SZI,00o Cash dividend was declared and paid. Al Stock issuances were for cash. 01, what's the meaning Bonds payable of $100,000 were retired for cash at a loss? loss on bond retirement? Could you give simple example to explain it