Retirement of Bonds Payable on the Statement of Cash Flows-Indirect Method Redstone 1nc. has the following debt outstanding on December 3 2017 10% bords payable. 12/31/21 $476,000 bonds payable On this daeRedstone retired the entire bond issue by paying cash of $485 520 by paying cash of $485.520 Required 1. Identily and analye t the transaction t recond the band retirement Activits Stabements How does this entry afflect the accounting equation if a fnancial statement tem is not affected select "No Entry and leave the amount box blank, t the efflect on a financial statement iters is negative. ie. a decrease, be sure to enber the anwer with a How would the bond etirement would be e the statement of cash flows assurning that Redstone uses the indiret mether retire the bonds would be section. The gain or less on the retrement would be Retirement of Bonds Payable on the Statement of Cash Flows-Indirect Method Redstone 1nc. has the following debt outstanding on December 3 2017 10% bords payable. 12/31/21 $476,000 bonds payable On this daeRedstone retired the entire bond issue by paying cash of $485 520 by paying cash of $485.520 Required 1. Identily and analye t the transaction t recond the band retirement Activits Stabements How does this entry afflect the accounting equation if a fnancial statement tem is not affected select "No Entry and leave the amount box blank, t the efflect on a financial statement iters is negative. ie. a decrease, be sure to enber the anwer with a How would the bond etirement would be e the statement of cash flows assurning that Redstone uses the indiret mether retire the bonds would be section. The gain or less on the retrement would be