During $2025,$ Concord Company issued $$960000$ of bonds during the year and used the proceeds, along with additional cash on hand,

to retire $$2000000$ of previously issued bonds. Concord's statement of cash flows for $2025$ will report a$($n$)$

net decrease in cash of $$960000.$

net loss on retirement of bonds of $$1040000.$

increase in cash of $$960000$ and a decrease in cash of $$2000000.$

net increase in cash of $$1040000.$