During 2018, Stout Inc. had the following activities related to its financial operations: Carrying value of convertible preferred stock in Stout, $360,000 converted into common shares of Stout Payment in 2018 of cash dividend declared in 2017 to $186,000 preferred shareholders 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 2018 should be $1,790,000 $1,976,000 $2,336,000 $2,348,000