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At the end of Year 1 Bowers Company had $ 8 , 2 0 0 of assets, $ 2 , 4 0 0 of liabilities,

At the end of Year 1 Bowers Company had $8,200 of assets, $2,400 of liabilities, $3,900 of common stock, and $1,900 of retained earnings. During Year 2 Bowers experienced the following events.
(1) Borrowed $4,100 cash.
(2) Earned $5,000 of cash revenue.
(3) Paid $3,600 of cash expenses.
(4) Paid $8,400 cash to purchase land
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:
Multiple Choice
\table[[,Cash Flow from Investing,Total],[Net Income,Activities,Liabilities],[$8,200,$8,400,$2,400
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