Riley Company borrowed $24,000 on April 1, Year 1 from the Titan Bank. The note issued by Riley carried a one year term and a 4% annual interest rate. Riley earned cash revenue of $900 in Year 1 and $500 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:

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The Answer of Riley Company borrowed $24,000 on April 1, Year 1 from the Titan Bank. The note issued by Riley carried a one year term and a 4% annual interest rate. Riley earned cash revenue of $900 in Year 1 and $500 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:

Riley Company Borrowed $24,000 on April 1, Year 1 from the Titan