Fara Co. reported bonds payable of USD47,000 at December 31, Year 1, and USD50,000 at December 31, Year 2. During Year 2, Fara issued USD20,000 of bonds payable in exchange for equipment. There was no amortization of bond premium or discount during the year. What amount should Fara report in its Year 2 statement of cash flows for redemption of bonds payable?
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