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How will the march transaction be shown in the statement

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Problem 1: Cleveland Inc. borrowed $50,000 cash from the bank in October 2020. In March 2021, Cleveland paid back the $50,000 plus $1,250 in interest. How will the March transaction be shown in the 2021 statement of cash flows?

Option 1: An increase in cash in the financing activities section
Option 2: A decrease in cash in the financing activities section
Option 3: An increase in cash in the investing activities section
Option 4: A decrease in cash in the investing activities section
Option 5: A decrease in cash in the financing activities section and the operating activities section

Reference no: EM132928047

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