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: