Question: Current Attempt in Progress During 2021, Crane Company had the following activities related to its financial operations: Carrying value of convertible preferred stock in Crane,
Current Attempt in Progress During 2021, Crane Company had the following activities related to its financial operations: Carrying value of convertible preferred stock in Crane, converted into common shares of Crane $ 530000 270000 Payment in 2021 of cash dividend declared in 2020 to preferred shareholders Payment for the early retirement of long-term bonds payable (carrying amount $3925000) 3970000 Proceeds from the sale of treasury stock (on books at cost of $377000) 440000 The amount of net cash used in financing activities to appear in Crane's statement of cash flows for 2021 should be O $3800000. $3818000 $3270000. $3000000
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