Question: During 2 0 2 4 , Cheyenne Inc. had the following activities related to its financial operations: Carrying value of convertible preferred stock in Cheyenne,

 During 2024, Cheyenne Inc. had the following activities related to its

During 2024, Cheyenne Inc. had the following activities related to its financial operations:
Carrying value of convertible preferred stock in Cheyenne, converted into common shares of Cheyenne
$536000
Payment in 2024 of cash dividend declared in 2023 to preferred shareholders
274000
Payment for the early retirement of long-term bonds payable (carrying amount, $3934000)
3979000
Proceeds from the sale of treasury stock (cost, $389000)
452000
The net cash used in financing activities reported in Cheyenne's statement of cash flows for 2024 is
($3819000).
($2991000).
($3265000).
($3801000).
financial operations: Carrying value of convertible preferred stock in Cheyenne, converted into

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