During 2011, Stout Inc. had the following activities related to its financial operations:Carrying value of convertible preferred stock in Stout,converted into common shares of Stout360,000Payment in 2011 of cash dividend declared in 2010 topreferred shareholders186,000Payment for the early retirement of long-term bonds payable(carrying amount $2,220,000)2,250,000Proceeds from the sale of treasury stock (on books at cost of $258,000)300,000The amount of net cash used in financing activities to appear in Stout’s statement of cash flows for 2011 should be
