TB MC Qu. 7-54 (Algo) Riley Company borrowed... Riley Company borrowed $36.000 on April 1 Year from the Titan Bank The noter isted by Ruy corried a one year term and maintense Hyered con Rowente of $1,020 in Year and $950 Year 2. Am no other sections The amount of net income on the Year 2 income statement would be TB MC Qu. 7-54 (Algo) Riley Company borrowed... Riway Company borrowed $36.000 on April Year from the Titan Bank. The noted by Riley camed a one year ton and an interest Riley earned cost revenge of $1.020 in Yew and in 2. Assume no other transactions The amount of net income on the Year 2 income statement would be Multiple Choice $500 $450 $1,800 $1350