Brief Exercise 4-17 Determine financing cash flows (LO4-7) stock for $12,000 and obtaining a loan from a local bank for $27,000. By the Smith Law Firm specializes in the preparation of wills for estate planning. On October 1, 2018, the company begins operations by issuing end of 2018, the company preparation servi y provides ill preparation services of $34,000 cash and pays employee salaries of $25,000. In addition, Smith pays $2,200 in cash dividends to stockholders on December 31, 2018. Determine the amount of financing cash flows Smith would report in 2018 Issuance of stock Borrowing from bank Preparation services Employee salaries Payment of dividends Total financing cash fows