Exercise 12-11A (Algo) Determining cash flows from financing activities LO 12-4 On January 1, Year 1, DIBA Company had a balance of $552.000 in its Bonds Payable account. During Year 1, DIBA issued bonds with a $174,000 face value. There was no premium or discount associated with the bond issue. The balance in the Bonds Payable account on December 31, Year 1, was $280,000 Required a. Determine the cash outflow for the repayment of bond liabilities assuming that the bonds were retired at face value. Cash outhow for the repayment of bond liabilities b. Prepare the financing activities section of the Year 1 statement of cash flows Note: Amounts to be deducted should be indicated with a minus sign. Cash flows from financing activities Net cash flow from financing activities $ 0