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What the amount of net cash used in financing activities

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Reference no: EM132998988

During 2021, Bramble Corp. had the following activities related to its financial operations:

Carrying value of convertible preferred stock in Bramble, converted into common shares of Bramble $ 539000

Payment in 2021 of cash dividend declared in 2020 to preferred shareholders 280000

Payment for the early retirement of long-term bonds payable (carrying amount $3929000) 3974000

Proceeds from the sale of treasury stock (on books at cost of $388000) 451000

Problem 1: The amount of net cash used in financing activities to appear in Bramble's statement of cash flows for 2021 should be

Option 1: $3803000.

Option 2: $2984000.

Option 3: $3821000.

Option 4: $3264000.

Reference no: EM132998988

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