The following information was taken from the $2024$ financial statements of Sheffield Corporation:

Bonds payable, January $1,2024$ $$802000$

Bonds payable, December $31,2024,4730000$

In $2024,$ the following bonds payable transactions occurred:

A $$718000$ payment was made to retire bonds payable with a face amount of $$802000.$

Bonds payable with a face amount of $$315000$ were issued in exchange for equipment.

In its statement of cash flows for the year ended December $31,2024,$ what amount should Sheffield report as proceeds from the issuance of bonds payable?

$$4415000$

$$5045000$

$$3928000$

$$4327000$