20 Saved Help Save & Exit Submit TB MC Qu. 02-44 Rushmore Company provided services... Rushmore Company provided services for $19,500 cash during the Year 1. Rushmore incurred $15,000 of operating expenses on account during Year 1, and by the end of the year, $4,500 of that amount had been paid with cash. If these are the only accounting events that affected Rushmore during Year 1, which of the following statements is true? 5 Multiple Choice The amount of net income shown on the income statement is $4,500. The amount of net cash flow from operating activities shown on the statement of cash flows is is $9.000 The amount of net income shown on the Income statement is $10,500 Prev 1 of 13 Next >