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On January 1 Year 1 DIBA Company had a balance of $409.000 in its Bonds Payable account. During Your DIBA issued bonds with a $153.000

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On January 1 Year 1 DIBA Company had a balance of $409.000 in its Bonds Payable account. During Your DIBA issued bonds with a $153.000 face value. There was no premium or discount associated with the bond issue. The balance in the Bonds Payable account on December 31 Year I was $201.000 Required a. Determine the cash outflow for the repayment of bond liabilities assuming that the bonds were retired at face value Can uitow for the payment of biondities b. Prepare the financing activities section of the Year 1 statement of cash flows (Amounts to be deducted should be indicated with a minus sign) Cash flows from financing acto $ D Net cash flow from financing cavities Prepare the financing activities section of th hinus sign.) Cash flows from financing activities: Proceeds from customers Proceeds from Issue of bonds payable Repayment of bonds payable Repayment of dividends Repayments for rent expense Ich o i DIL F2 F3 F4 F5 # $ % 3 4 5 E D

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