On January 1, Year 2. Grande Company had a $71,800 balance in the Accounts Receivable account and a $3,100 balance in the Allowance for Doubtful Accounts account. During Year 2, Grande recognized $194,000 of service revenue earned on account The company collected $234,500 cash from accounts receivable. Uncollectible accounts are estimated to be 1% of sajes on account Based on this information, the amount of cash flow from operating activities that would appear on the Year 2 statement of cash flows is Multiple Choice $3,240 $1,940 Multiple Choice $3,240. $1.940 $29.500 $234.500 Rosewood Company made a loan of $11.400 to one of the company's employees on April 1, Year 1. The one-year note carried a 6% rate of interest. The amount of interest revenue that Rosewood would report during the years ending December 31, Year 1 and Year 2, respectively, would be: Multiple Choice $684 and $0 SO and $684 5513 and 5171 Multiple Choice $684 and $0 $0 and $684 $513 and $171 $171 and $513 Monroe Minerals Company purchased a copper mine for $124,000,000. The mine was expected to produce 50,000 tons of copper over its useful life. During Year 1, the company extracted 6,800 tons of copper. The copper was sold for $5,300 per ton. Assume that the company incurred $8,680,000 in operating expenses during Year 1. Based on this information, how much net Income would Monroe report in Year 1? 3 Multiple Choice $19.176.000 $10.496.000 $8.184.000 Multiple Choice $19,176,000 $10.496.000. $8.184,000 $16,864 000