Check Brief Exercise 4-17 Determine financing cash flows (LO4-7) Smith Law Firm specializes in the preparation of wills for estate planning. On October 1, 2021, the company begins operations by issuing stock for $12,000 and obtaining a loan from a local bank for $18,000. By the end of 2021, the company provides will preparation services of $25,000 cash and pays employee salaries of $16,000. In addition, Smith pays $1,300 in cash dividends to stockholders on December 31, 2021. ok Determine the amount of financing cash flows Smith would report in 2021. (Amounts to be deducted should be indicated with a minus sign.) ences Issuance of stock $ 12,000 Borrowing from bank 18,000 Preparation services Employee salaries Payment of dividends (1,300) Total financing cash flows