Santa Fe Company was started on January 1, Year 1, when it acquired $8,500 cash by issuing common stock. During Year 1, the company earned cash revenues of $4,250, paid cash expenses of $3,000, and pald a cash dividend of $550. Which of the following is true based on this information? Multiple Choice The Year 1 income statement would show net income of $700. The Yeart statement of cash flows would show net cash inflow from operating activities of $1250 The Year statement of cash flows would show a net cash inflow from financing activities of $8,500 O The December 31, Year 1 balance sheet would show total equity of $12,750