3 On January 1 Year 1 Mayer Corporation signed a contract to

Last updated: 4/26/2023

3 On January 1 Year 1 Mayer Corporation signed a contract to perform 25 000 worth of services for Phips Company over the next three years Which of the follow the effects of this event on the Year 1 Income statement and statement of cash flows of Mayer Corporation Net Option Income NA ABCD 25 000 25 000 NA Multiple Choice Operating NA NA O Option C O Option A Ortler 25 000 NA Cash Flows Investing NA 25 000 NA NA Financing 25 000 NA NA NA