During 2021, Melanie Company has the following activities related to its financial operations: Payment for the early retirement of long-term bonds payable (carrying amount of bonds payable,...

Extracted text: During 2021, Melanie Company has the following activities related to its financial operations: Payment for the early retirement of long-term bonds payable (carrying amount of bonds payable, P5,000,000) P4,000,000 Payment in 2021 cash dividend declared in 2020 2,000,000 Carrying amount of convertible preference share capital converted into ordinary share capital 1,000,000 Proceeds from sale of treasury shares (cost, P1,000,000) 1,500,000 What should be reported as net cash used in financing activities in 2021?