Reporting Issuance and Retirement of Long-Term Debt On the basis of the details of the following bonds payable and related discount accounts, indicate the items to be reported in the Financing Activities section of the statement of cash flows, assuming no gain or loss on retiring the bonds: ACCOUNT Bonds Payable ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 450.000 Balance Retire bonds Issue bonds 90,000 360,000 270,000 630,000 ACCOUNT Discount on Bond Payable ACCOUNT NO. Date Item Debit Balance Debit Credit Credit Balance 7,200 Retire bonds Issue bonds Amortize discount 20,250 13,050 31,150 29,590 16.100 1,560 Item Section of Statement of Cash Flows Added or Deducted Amount Retire bonds Issue bonds Amortization of discount