Jurgenson Company issued bonds with a $100,000 face value on January 1, 2019. The five-year term bonds were issued at 98 and had a 7% stated rate of interest that is payable in cash on December 31st of each year. Jurgenson amortizes the bond discount using the straight-line method. Based on this information:
The amount of cash outflow from operating activities shown on Jurgenson's December 31, 2019, statement of cash flows would be:
a.$7,000.
b.$7,200.
c.$7,400.
d.$7,800.
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