Return to question In Year 1 Day Company incurred $350 of utility expense on account. Day paid cash for these expenses in Year 2. Which of the following shows how these events will affect Day's financial statements in Year 2? 2 of 2 Balance sheet Income Statement Statement of -ssets Liabilities -Equity- Rev. Exp.11 Net Inc. Equity Rev.Exp. NA NA Cash Flows 350 350 (350)(350) 350 NA NA (35) NA Exp. NA 350 Net Inc. NA (350 NA 0A NA -OA NA D. (350)(350)+ 00:57:01 Required information Multiple Choice Option A 6 56 Option 8 Option C Option D