The following information was taken from the 2021 financial statements of Swifty Corporation:

Bonds payable, January 1, 2021	$ 793000
Bonds payable, December 31, 2021	4750000

During 2021 A $715000 payment was made to retire bonds payable with a face amount of $796000. Bonds payable with a face amount of $321000 were issued in exchange for equipment. In its statement of cash flows for the year ended December 31, 2021, what amount should Swifty report as proceeds from issuance of bonds payable?

$5071000

$3957000

$4356000

$4432000