Exercise $20-11$ Determining cash used in financing activities $($LO $20-1)$

During $20$X$1,$ 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)$

Distribution in $20$X$1$ of cash dividend declared in $200$ to preferred shareholders

Required:

In Xan's $20$X$1$ statement of cash flows, how much should net cash used in financing activities be$?$