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The following information was taken from the 2 0 2 4 financial statements of Cheyenne Corporation: Bonds payable, January 1 , 2 0 2 4

The following information was taken from the 2024 financial statements of Cheyenne Corporation:
Bonds payable, January 1,2024 $799000
Bonds payable, December 31,20244880000

In 2024, the following bonds payable transactions occurred:
A $714000 payment was made to retire bonds payable with a face amount of $799000.
Bonds payable with a face amount of $326000 were issued in exchange for equipment.

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

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