If $250,000 of bonds are issued during the year but $130,000 of old bonds are retired during the year, the statement of cash flows will show a(n) Select one: a. net increase in cash of $120,000. b. increase in cash of $250,000 and a decrease in cash of $130,000. c. net decrease in cash of $120,000. d. net gain on retirement of bonds of $120,000.