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TB MC Qu$.1-105($Static$)$ Packard Company engaged in the following...

Packard Company engaged in the following transactions during Year $1,$ its first year of operations. $($Assume all transactions are cask transactions$)$

Acquired $$950$ cash from the issue of common stock.

Borrowed $$420$ from a bank.

Earned $$650$ of revenues cash.

Paid expenses of $$250.$

Paid a $$50$ dividend.

During Year $2,$ Packard engaged in the following transactions. $($Assume all transactions are cash transactions.$)$

Issued an additional $$325$ of common stock.

Repaid $$220$ of its debt to the bank.

Earned revenues of $$750$ cash.

Incurred expenses of $$360.$

Paid dividends of $$100.$

What is the amount of retained earnings that will be reported on Packard's Year $2$ balance sheet?