Smiley Corp.$\text{'}$s transactions for the year ended December $31,2021$ included the following:

$$ Purchased real estate for $$1,250,000$ cash which was borrowed from a bank.

$$ Sold available$-$for$-$sale securities for $$1,000,000.$

$$ Paid dividends of $$1,200,000.$

$$ Issued $500$ shares of common stock for $$500,000.$

$$ Purchased machinery and equipment for $$250,000$ cash.

$$ Paid $$900,000$ toward a bank loan.

$$ Reduced accounts receivable by $$200,000.$

$$ Increased accounts payable $$400,000.$

Smiley's net cash used in financing activities for $2021$ was

$$350,000.$

$$850,000.$

$$450,000.$

$$900,000.$