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Santa Fe Company was started on January 1, Year 1, when it acquired $8,600 cash by issuing common stock. During Year 1, the company

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Santa Fe Company was started on January 1, Year 1, when it acquired $8,600 cash by issuing common stock. During Year 1, the company earned cash revenues of $4,400, paid cash expenses of $3,050, and paid a cash dividend of $600. Which of the following is true based on this information? Multiple Choice The Year 1 statement of cash flows would show a net cash inflow from financing activities of $8,000. The Year 1 income statement would show net income of $750. The December 31. Year 1 balance sheet would show total equity of $8,000

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