Brief Exercise 4-17 (Algo) Determine financing cash flows (LO4-7) Smith Law Firm specializes in the preparation of wills for estate planning. On October 1, 2024, the company begins operations by Issuing stock for $10,000 and obtaining a loan from a local bank for $31,000. By the end of 2024, the company provides will preparation services of $38,000 cash and pays employee salaries of $29,000. In addition, Smith pays $2,600 in cash dividends to stockholders on December 31, 2024. Determine the amount of financing cash flows Smith would report in 2024. (Amounts to be deducted should be indicated with a minus sign.) Issuance of stock $ 10,000 Borrowing from bank 31,000 Preparation services 35,400 Employee salaries 26,400 Payment of dividends (2,600) Total financing cash flows $ 100,200