If $$2800000$ of bonds are issued during the year but $$4480000$ of previously issued bonds are retired during the year, the statement of cash flows will show $a(n)$

net loss on retirement of bonds of $$1680000.$

increase in cash of $$2800000$ and a decrease in cash of $$4480000.$

net decrease in cash of $$1680000.$

net increase in cash of $$1680000.$