Exercise 12-11A (Algo) Determining cash flows from financing activities LO 12-4 On January 1, Year 1, DiBA Company had a balance of $516,000 in its Bonds Payable account During Year 1, DiBA issued bonds with a $155,000 face value. There was no premlum or discount associated with the bond istue. The balance in the Bonds Payable account on December 31 , Year 1 , was $223,000. Required a. Determine the cash outfow for the repayment of bond llabilities assuming that the bonds were retired at face value: b. Prepare the financing activities section of the Year 1 statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.)