On January 1, Year 1, Western Company had a balance of $619,000 in its Bonds Payable account During Year 1, Western Company Issued bonds with a $153,800 face value. There was no premium or discount associated with the bond issue. The balance in the Bonds Payable account on December 31, Year 1, was $359,500. Required: a. Determine the cash outflow for the repayment of bond liabilities assuming that the bonds were retired at face value b. Prepare the financing activities section of the Year 1 statement of cash flows. Complete this question by entering your answers in the tabs below. Required A Required B Determine the cash outflow for the repayment of bond liabilities assuming that the bonds were retired at face value. Reconciliation of Bonds Payable Account Beginning balance Increase due to issuing bonds payable Decrease due to repayment of bonds payable Ending balance Required B> On January 1, Year 1, Western Company had a balance of $619,000 in its Bonds Payable account. During Year 1, Western Company Issued bonds with a $153,800 face value. There was no premium or discount associated with the bond issue. The balance in the Bonds Payable account on December 31, Year 1, was $359,500. Required: a. Determine the cash outflow for the repayment of bond liabilities assuming that the bonds were retired at face value. b. Prepare the financing activities section of the Year 1 statement of cash flows. Complete this question by entering your answers in the tabs below. Required A Required B Prepare the financing activities section of the Year 1 statement of cash flows. Cash Flows from Financing Activities Proceeds from issue of bonds payable Repayment of bonds payable Net cash outflow from financing activities