At the end of Year 1 Bowers Company had $7,300 of assets, $3,000 of liabilities, $3,200 of common stock, and $1,100 of retained earnings. During Year 2 Bowers experienced the following events.\ \ (1) Borrowed $4,900 cash.\ \ (2) Earned $6,400 of cash revenue.\ \ (3) Paid $3,300 of cash expenses.\ \ (4) Paid $7,900 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\ \ Net Income Cash Flow from Investing Activities Total Liabilities\ $7,300 $7,900 $3,000\ \ Net Income Cash Flow from Investing Activities Total Liabilities\ $6,400 Zero $4,900\ \ Net Income Cash Flow from Investing Activities Total Liabilities\ $3,100 $8,000 Zero\ \ Net Income Cash Flow from Investing Activities Total Liabilities\ $3,100 ($7,900) $7,900