3.

value: 1.00 points

EX Qu. 182 At the beginning of the current year, a company issued stock...

At the beginning of the current year, a company issued stock for $130,000 and borrowed $70,000 from the bank. By the end of the year, the company had provided services of $80,000 for cash, paid employee salaries of $32,000, and paid utilities of $20,000. Determine the amount of financing cash flows the company will report in the current year. (Cash outflows should be indicated with a minus sign.)