1. At the end of Year 1 Bowers Company had $6,000 of assets, $2,000 of liabilities, $3,000 of common stock, and $1,000 of retained earnings. During Year 2 Bowers experienced the following events.\ (1) Borrowed $4,000 cash.\ (2) Earned $5,000 of cash revenue.\ (3) Paid $3,000 of cash expenses.\ (4) Paid $7,000 cash to purchase land\ Statement of Cash Flow- Bowers Company\ CF from Operating Activities: \ Cash Receipt (inflow) from Customers $5000 \ Cash Payment (outflow) for Expenses ($3000) \ Net Cash Inflow from Operating Activities $2000\ CF from Investing Activities: \ Cash Receipt from sale long-term assets \ Cash Payment from purchasing/investing ($7000) \ Net Cash Flow from Investing Activities ($7000)\ CF from Financing Activities: \ Cash Receipt from borrowed funds $4000 \ Cash Receipt from Stock Issue \ Cash Paid for Dividends \ Net Cash Flow from Financing Activities $4000\ Net Cash Increase in Cash \ Plus: Beginning Cash Balance \ Ending Cash Balance \ Based on this information, the amount of net income, cash flow from investing activities, and total liabilities appearing on the Year 2 financial statements is\ a. Option A\ b. Option B\ c. Option C\ d. Option D