Santa Fe Company was started on January 1, Year 1, when it acquired $8,400 cash by issuing common stock. During Year 1, the company earned cash revenues of $4,100, paid cash expenses of $2,950, and paid a cash dividend of $500. Which of the following is true based on this information? Multiple Choice The Year 1 income statement would show net income of $650. The December 31, Year 1 balance sheet would show total equity of $7,900. The Year 1 statement of cash flows would show net cash inflow from operating activities of $4,100. The Year 1 statement of cash flows would show a net cash inflow from financing activities of $7,900.