If $2,500,000 of bonds are issued during the year but $4,000,000 of old bonds are retired during the year, the statement of cash flows will show a(n)
A) net increase in cash of $1,500,000.
B) net decrease in cash of $1,500,000.
C) increase in cash of $2,500,000 and a decrease in cash of $4,000,000.
D) net loss on retirement of bonds of $1,500,000.
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