Required Information [The following information applies to the questions displayed below.) Riley Company borrowed $38,000 on April 1, Year 1 from Titan Bank. The note issued by Riley carried a one-year term and a 6% annual Interest rate. Riley earned cash revenues of $1,040 during Year 1 and $1,200 during Year 2. Assume no other transactions. Based on this information alone, what is the amount of net Income (loss) that will be reported on the Year 2 income statement? Multiple Choice 0 $570 $630 0 $(60) 0 $1770 0 4 5 6 Next > of 54