During 2020, Regis Inc. had the following activities related to its financial operations: Carrying value of convertible preferred stock in Regis, converted into common shares of Regis $ 540,000 Payment in 2020 of cash dividend declared in 2019 to preferred shareholders 279,000 Payment for the early retirement of long-term bonds payable (carrying amount $3,930,000) 3,975,000 Proceeds from the sale of treasury stock (on books at cost of $387,000) 450,000 The amount of net cash used in financing activities to appear in Regis’ statement of cash flows for 2020 should be