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. What was the baiance of Packard's Retained Earnings account before closing in Year 1 ? Mult ple Choice 5400 50 $350 5450