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Santa Fe Company was started on January 1, Year 1, when it acquired $8,100 cash by issuing common stock. During Year 1, the company earned

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Santa Fe Company was started on January 1, Year 1, when it acquired $8,100 cash by issuing common stock. During Year 1, the company earned cash revenues of $3,650, paid cash expenses of $2,800, and paid a cash dividend of $350. Based on this information, Multiple Choice The Year 1 statement of cash flows would show net cash Infow from financing activities of S7750. The Year 1 statement of cash flows would show a net cash flow from financing activities of $8,100 The Year income statement would show net income of $500 The balance sheet at December 31, Year I would show total equlty of 511750

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