QUESTION 18 During the current year, Grape Company earned $1,800 of cash revenue, paid $1,400 of cash expenses, and paid a $100 cash dividend to its owners. Based on this information alone, a.net income amounted to $400. b.total assets increased by $300. C. cash inflow from operating activities was $400. d. all of these are correct. QUESTION 19 Griffin Company received $4,000 cash from the issue of stock on January 1 of the current year. During the year, Griffin earned $9,500 of revenue on account. The company collected $7,000 cash from accounts receivable and paid $6.000 cash for operating expenses. Based on this information alone, during the current year, O a. Total assets increased by $7,500. b. Total assets increased by $5,000. OC. Total assets increased by $500. d. Total assets did not change