During 2021, Sunland Company had the following activities related to its financial operations: Carrying value of convertible preferred stock in Sunland, converted into common shares of Sunland $538000 Payment in 2021 of cash dividend declared in 2020 to preferred shareholders 276000 Payment for the early retirement of long-term bonds payable (carrying amount $3933000) 3978000 Proceeds from the sale of treasury stock (on books at cost of $395000 ) 458000 The amount of net cash used in financing activities to appear in Sunland's statement of cash flows for 2021 should be $3258000. $3796000. $2982000. $3814000