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ackard Company engaged in the following transactions during Year 1 , its first year of operations: ( Assume all transactions are cash transactions. ) 1

ackard Company engaged in the following transactions during Year 1, its first year of operations: (Assume all transactions are cash transactions.)
1) Acquired $1,100 cash from the issue of common stock.
2) Borrowed $570 from a bank.
3) Earned $750 of revenues.
4) Paid expenses of $280.
5) Paid a $80 dividend.
During Year 2, Packard engaged in the following transactions: (Assume all transactions are cash transactions.)
1) Issued an additional $475 of common stock.
2) Repaid $325 of its debt to the bank.
3) Earned revenues of $900.
4) Incurred expenses of $420.
5) Paid dividends of $130.
What is the amount of total stockholders equity that will be reported on Packards balance sheet at the end of Year 1?

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