During year 1, Brianna Company had the following transactions related to its financial operations: Payment for the retirement of long-term bonds payable (carrying value $740,000) $750,000 Distribution in year 1 of cash dividend declared in year 0 to preferred shareholders $62,000 Carrying value of convertible preferred stock of Brianna converted into common shares $120,000 Proceeds from sale of treasury stock (carrying value at cost $86,000) $95,000 On its year 1 statement of cash flows, net cash used in financing activities should be:

David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?