The Following Information Was Drawn from the Year-End Balance Sheets

question 3

Multiple Choice

The following information was drawn from the year-end balance sheets of White,Inc. $$\begin{array} { l r r } & \text { Year } 2 & \text { Year } 1 \\ \text { Bonds payable }& \$ 200,000 & \$275,000 \\\text { Common stock } & 112,500 & 87,500 \\\text { Treasury stock } & 17,500 & 12,500 \\\text { Retained earnings }& 35,000 & 27,500\end{array}$$ White,Inc.,issued $30,000 in bonds during Year 2.The bonds were issued at face value.All bonds were retired at face value.What is the amount of cash outflow for the payment of bond liabilities?

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