Required information [The following information applies to the questions displayed below) Riley Company borrowed $16,000 on April 1, Year 1 from Titan Bank. The note issued by Riley carried a one-year term and a 5% annual interest rate. Riley earned cash revenues of $820 during Year 1 and $430 during Year 2. Assume no other transactions Based on this information alone, what amount of cash flow from operating activities would appear on the Year 2 statement of cash flows? Multiple Choice O $430 inflow. $370 outflow $16.230 outflow $230 inflow Based on this information alone, what are the amounts of total liabilities that would appear on Riley's December 31 balance sheets for Year 1 and Year 2 respectively? Multiple Choice $16.600 and $16,830 $16.600 and $0 S600 and $230 $16,000 and $0