FS * A or Consider the following three scenarios: I. ABC Lawncare performed lawn maintenance services for Drake Inc. on June 19 and received payment of $500 for those services. II. On June 15, Melly Corp received payment for 100 pounds of raw material to be delivered to Drake Inc. in 6 months. III. Lodo, LLC collected cash on June 1** for services rendered on May 1*. . . . Given these scenarios, revenue cannot be recognized on June 1" for: Multiple Choice 1,11 I only 11. lll only Ill only I Cash flows from investing do not include cash flows from: Multiple Choice lending money to another corporation the sale of equipment borrowing the purchase of other corporation's securities