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 "Cash flows from 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 Jan. 1 Balance 450,000 2 Retire bonds 90,000 360,000 June 30 Issue bonds 270,000 630,000 ACCOUNT Discount on Bond Payable ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. 1 Balance 20,250 2 Retire bonds 7,200 13,050 June 30 Issue bonds 18,100 31,150 Dec. 31 Amortize discount 1,560 29,590