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Riley Company borrowed $46,000 on April 1 , Year 1 from the Titan Bank. The...

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Accounting

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Riley Company borrowed $46,000 on April 1 , Year 1 from the Titan Bank. The note issued by Riley carried a one year term and a 5% annual interest rate. Riley earned cash revenue of $1,120 in Year 1 and $1,200 in Year 2 . Assume no other transactions. The amount of cash flow from operating activities that would appear on the Year 2 statement of cash flows would be: Multiple Choice $625 inflow $1,200 inflow $46,625 outflow

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