Question: 1 0 Quest Ex Help Save & Exit Riley Company borrowed $ 2 8 , 0 0 0 on April 1 , Year 1 from

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Riley Company borrowed $28,000 on April 1, Year 1 from Titan Bank. The note issued by Riley carried a one-year term and a 6% annual interest rate. Riley earned cash revenues ct $940 during Year 1 and $900 during Year 2. Assume no other transactions.
Based on this information alone, what is the amount of net incon (loss) that will be reported on the Year 2 income statement?
1 0 Quest Ex Help Save & Exit Riley Company

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