Question: Here is selected financial statement data regarding a company's bonds payable. Balance Sheet: Dec. 31, 2018 Dec. 31, 2017 Bonds payable $ 23,700,000 $ 19,800,000

Here is selected financial statement data regarding a company's bonds payable.

Balance Sheet: Dec. 31, 2018 Dec. 31, 2017
Bonds payable $ 23,700,000 $ 19,800,000
Income Statement: 2018
Loss on redemption of bonds payable 200,000

During the year, the company issued an additional $7,000,000 of bonds payable.

In the statement of cash flows, the financing activities section should show a cash disbursement for "redemption of bonds payable" for $ ?

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