1) Arquited $1.150 cash from the issue of common stock, 2 Borrowed $620 from a bank 3) Earned $800 of revenues. 4) Pald expenses of $290, 5) Pald a $90 dividend During Year 2. Packard engaged in the following transactions (Assume all transactions are cash transactions.) 1) issued an additional $525 of common stock 2 Repaid $360 of its debt to the bank 3) Earned revenues of $950, 4 incurred expenses of $440 5) Puld dividence of $140 What is the after closing amount of retained earnings that will be reported on Packard's balance sheet at the end of Year 2? (Assume that closing entries have been posted) Mirple Choice 51170 1) issued an additional $525 of common stock 2) Repaid $360 of its debt to the bank. 3) Earned revenues of $950, 4 Incurred expenses of $440, 5 Paid dividends of $140 What is the after-clasing amount of retained earnings that will be reported on Packard's balance sheet at the end of Year 2? (Assume that closing entries have been posted) Multiple Choice 5117 O 51235 SMO 930