Reporting Tssuance 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 570,000 456,000 798,000 Jan.1 Balance Retire bonds Issue bonds 114,000 une 30 342,000 ACCOUNT Discount on Bond Payable ACCOUNT NO. Balance Date Item Debit Credit Debit 25,650 16,530 39,430 37,460 Credit Jan Balance Retire bonds Issue bonds Amortize discount 9,120 June30 22,900 Dec 31 1,970 Section of Statement of Cash Flows Item Retire bonds Issue bonds Amortization of discount Added or Deducted Amount Deducted Financing activities section Financing activities section Operating activities section, if indirect method used Added v Added V