On January 1, 2015, the long-term liability section of Quick Silver Co. balance sheet showed a balance of $800,000 in the bonds payable account. On December 31, 2015, the balance in that same account was $765,000. This change would appear on the statement of cash flows as: a. an outflow of cash of $35,000 in the financing activities category. b. an inflow of cash of $35,000 in the financing activities category. c. an inflow of cash of $35,000 in the investing activities category. d. an outflow of cash of $35,000 in the investing activities category.