TB MC Qu. 7-54 (Algo) Riley Company borrowed... 66 Riley Company borrowed $22,000 on April 1, Year 1 from the Titan Bank. The note issued by Riley carried a one year term and a 8% annual interest rate. Riley earned cash revenue of $880 in Year 1 and $900 in Year 2. Assume no other transactions. 2 points The amount of net income on the Year 2 income statement would be: 8 02:21:04 Skipped Multiple Choice O O $460. O $440. O $1,760. $1,320. O