Payment for the early retirement of long-termbonds payable (carrying amount $370,000) $375,000Distribution in Year 2 of cash dividend declared in Year 1 to preferred shareholders 31,000Carrying amount of convertible preferred stock / in Xan, converted into common shares 60,000Proceeds from sale of treasury stock (carrying amount at cost, $43,000) 50,000During Year 2, Xan, Inc. had the following activities related to its financial operations:Xan uses U. S. GAAP. In Xan's Year 2 statement of cash flows, net cash used in financing operations shouldbe:
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Home » Business » Payment for the early retirement of long-termbonds payable (carrying amount $370,000) $375,000Distribution in Year 2 of cash dividend declared in Year 1 to preferred shareholders 31,000Carrying amount of convertible preferred stock / in Xan,