Response to the following problem:
During 2013, Stout Inc. had the following activities related to its financial operations: Carrying value of convertible preferred stock in Stout,
converted into common shares of Stout $360,000
payment in 2013 of cash dividend declared in 2012 to preferred shareholders $186,000
payment for the early retirement of long-term bonds payable (carrying amount $2,420,000) $2,450,000.
Proceeds from the sale of treasury stock (on books at cost of $258,000) $300,000
The amount of net cash used in financing activities to appear in Stout's statement of cash flows for 2013 should be how much.