During 2021, Marigold Corp. had the following activities related to its financial operations: Carrying value of...
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During 2021, Marigold Corp. had the following activities related to its financial operations: Carrying value of convertible preferred stock in Marigold,converted into common shares of Marigold $545000 Payment in 2021 of cash dividend declared in 2020 to preferred shareholders 285000 Payment for the early retirement of long-term bonds payable (carrying amount $3935000) 3980000 Proceeds from the sale of treasury stock (on books at cost of $378000) 441000 The amount of net cash used in financing activities to appear in Marigold's statement of cash flows for 2021 should be $3824000. $3279000. O $3842000. $2994000. During 2021, Marigold Corp. had the following activities related to its financial operations: Carrying value of convertible preferred stock in Marigold,converted into common shares of Marigold $545000 Payment in 2021 of cash dividend declared in 2020 to preferred shareholders 285000 Payment for the early retirement of long-term bonds payable (carrying amount $3935000) 3980000 Proceeds from the sale of treasury stock (on books at cost of $378000) 441000 The amount of net cash used in financing activities to appear in Marigold's statement of cash flows for 2021 should be $3824000. $3279000. O $3842000. $2994000.
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