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Riley Company borrowed $16,000 on April 1, 2016 from the Titan Bank. The note Issued by Rlley carried a one year term and a 5%

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Riley Company borrowed $16,000 on April 1, 2016 from the Titan Bank. The note Issued by Rlley carried a one year term and a 5% annual Interest rate, Riley earned cash revenue of S820 in 2016 and $430 In 20Z Assume no other transactions 25. The amount of net income on the 2017 income statement would be: O $200 O $230 O s30, O $630.. 26. The amount of cash Now trom sperating actvities that would sopear on the would be operating activities that would appenr on the 2017 stanement of cash fows O $230 inflow O 5430 innow O $370 outtiow O $16.230 outtiow 27

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