On its income statement for a recent year, American Airlines Group, Inc., the parent company of American Airlines, reported a net loss of $1,834 million from operations. On its statement of cash flows, it reported $675 Real World million of cash flows from operating activities. Explain this apparent contradiction between the loss and the positive cash flows. State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows a. Retired $400,000 of bonds, on which there was $3,000 of unamortized discount, for $411,000.