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During Year 2, Chico Company earned $3,050 of cash revenue, pald $1,300 of cash expenses, and paid a $800 cash dividend to its owners. Based

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During Year 2, Chico Company earned $3,050 of cash revenue, pald $1,300 of cash expenses, and paid a $800 cash dividend to its owners. Based on this information alone, which of the following statements is not true? Multiple Choice Net Income amounted to $1,750 Total assets increased by $950 Cash Inflow from operating activities was $1,750 Cash outflow from financing activities was $950

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