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During Year 2, Chico Company earned $2,300 of cash revenue, paid $1,050 of cash expenses, and paid a $550 cash dividend to its stockholders. Based

During Year 2, Chico Company earned $2,300 of cash revenue, paid $1,050 of cash expenses, and paid a $550 cash dividend to its stockholders. Based on this information alone, which of the following statements is not true?

a) Net income amounted to $1,250.

b) Total assets increased by $700.

c) Cash inflow from operating activities was $1,250.

d) Cash outflow from financing activities was $700.

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