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 1 Balance 340,000 2 Retire bonds 68,000 272,000 June 30 Issue bonds 204,000 476,000 ACCOUNT Discount on Bond Payable ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan 1 Balance 15,300 2 Retire bonds 5,440 9,860 June 30 Issue bonds 13,700 23,560 Dec. 31 Amortize discount 1,180 22,380 Items Section of Statement of Cash Flows Added or Deducted Amount Retire bonds Issue bonds Amortization of discount