Question 18 Not yet and Use this information to answer Question 18-20. Raymond Company borrowed $8,000 on April 1, 2019 from the Meramec Bank. The note issued by Raymond carried a one year term and a 7% annual interest rate. Raymond earned cash revenue of $850 in 2019 and $700 in 2020. Assume no other transactions. The amount of net income on the 2020 income statement would be: a $560. b. $290 Oc. $700. d. $140. The amount of cash flow from operating activities that would appear on the 2020 statement of cash flows would be: 0 a $850. O b. $140. Oc. $560 O d. $700. The amount of total liabilities that would appear on Raymond's December 31 balance sheets for 2019 and 2020 would be O a. $8,889; $8,240 ob. $8,960; $8,240. e. $8,420;-0- O d. $889; $240