During 2021, Bonita Industries had the following activities related to its financial operations:

	Carrying value of convertible preferred stock in Bonita, converted into common shares of Bonita		$ 547000
	Payment in 2021 of cash dividend declared in 2020 to preferred shareholders		277000
	Payment for the early retirement of long-term bonds payable (carrying amount $3928000)		3973000
	Proceeds from the sale of treasury stock (on books at cost of $381000)		444000

The amount of net cash used in financing activities to appear in Bonita's statement of cash flows for 2021 should be

a. $3824000.

b. $2982000.

c. $3806000.

d. $3259000.