1 05 points 0118 07 Packard Company engaged in the following transactions during Year 1, its first year of operations: (Assume all transactions are cash transactions) 1) Acquired $950 cash from the issue of common stock 2) Borrowed $420 from a bank 3) Earned $650 of revenues. 4) Paid expenses of $250 5) Paid a $50 dividend During Year 2, Packard engaged in the following transactions (Assume all transactions are cash transactions.) 1) Issued an additional $325 of common stock. 2) Repaid $220 of its debt to the bank 3) Earned revenues of $750 4) Incurred expenses of $360 5) Paid dividends of $100 The amount of assets on Packard's Year 2 balance sheet is Qu