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 Fina 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 Jan. 1 Balance 750,000 2 Retire bonds 150,000 600,000 June 30 Issue bonds 450,000 1,050,000 ACCOUNT Discount on Bonds Payable Date Item Jan. 1 Balance 2 Retire bonds June 30 Issue bonds Dec. 31 Amortize discount ACCOUNT NO. Balance Debit Credit Debit Credit 33,750 12,000 21,750 30,000 51,750 2,625 49,125 Section of Statement