During Year 1, China Enterprises experienced the following events (1) Earned $12.100 of revenue on account (2) Incurred $8,200 of expenses on account Based on this information, which of the following describes the combined effects of both events on the amount of total assets, net income and cash flow for opening activities shown on the Year 1 financial statements? Net Cash Flow from Total Assets Net Income Option A $3,900 $3,900 Operating Activities 0 Option B $12,100 $3,900 Option C $12,100 $3,900 Option D. $12,100 $12,100 $3,900 $3,900