During 20X1, Xan Inc. had the following activities related to its financial operations:

Payment for the early retirement of long-term bonds payable (carrying value $370,000) .........  $375,000
Distribution in 20X1 of cash dividend declared in 20X0 to preferred shareholders ...................       31,000
Carrying value of convertible preferred stock in Xan converted into common shares ................     60,000
Proceeds from sale of treasury stock (carrying value at cost, $43,000) ...........................................   50,000

Required:

In Xan’s 20X1 statement of cash flows, how much should net cash used in financing activities be?