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 Debit Credit Date Jan Jan June 30 Item Debit Balance Retire bonds Issue bonds Credit 330,000 264,000 462,000 66,000 198,000 ACCOUNT Discount on Bond Payable ACCOUNT NO Balance Date Item Debit Credit Debit Credit Balance Retire bonds Issue bonds Amortize discount 1 14,850 Jan Jan June 30 9,570 22,870 21,730 2 5,280 13,300 Dec.| 31 1,140