Exercise 12-11A (Algo) Determining cash flows from financing activities LO 12-4 On January 1, Year 1, DIBA Company had a balance of $548,000 in its Bonds Payable account. During Year 1. DIBA issued bonds with a $192,000 face value. There wes no premium or discount associated with the bond issue. The balance in the Bonds Payable account on December 31, Year 1, was $288,000. Required o. Determine the cash outflow for the repayment of bond liabilities assuming that the bonds were retired at face value. b. Prepare the financing actlvites section of the Year 1 statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.)