If a company borrows money from a bank, the interest paid should be reported on the statement of cash flows as a(n): Cost of goods sold Merchandise inventory, January 1 Merchandise inventory, December 31 Accounts payable, January 1 Accounts payable, December 31 $113,000 27,400 28,700 27,200 29,900 Multiple Choice Cannot be determined from the information given Investing activity Cannot be determined from the information given Investing activity Financing activity Operating activity Noncash investing and financing activity