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Jones Company issued bonds with a $150,000 face value on January 1, 2016. The five-year term bonds were issued at 99 and had a 8.00%

Jones Company issued bonds with a $150,000 face value on January 1, 2016. The five-year term bonds were issued at 99 and had a 8.00% stated rate of interest that is payable in cash on December 31st of each year. Jones amortizes the bond discount using the straight-line method. Based on this information:

The amount of cash outflow from operating activities shown on Jones's December 31, 2017 statement of cash flows would be:

$12,000.

$12,300.

$11,700.

$12,600.

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