Riley Company borrowed $16,000 on April 1. Year 1 from the Titan Bank. The note issued by Riley carried a one year term and a 5% annual interest rate Riley earned cash revenue of $820 in Year 1 and $430 In Year 2. Assume no other transactions The amount of net income on the Year 2 income statement would be: Multiple Choice $600 O $230 $800 5 $200 Riley Company borrowed $46,000 on April 1, Year 1 from the Titan Bank The note issued by Riley carried a one year term and a 5% annual interest rate. Riley earned cash revenue of $1.120 in Year 1 and $1200 in Year 2. Assume no other transactions The amount of cash flow from operating activities that would appear on the Year 2 statement of cash flows would be: Multiple Choice $1.100 outflow O $1.200 innow O $40,625 outlow O $625 intow