Lexington Company engaged in the following transactions during Year 1, its first year in operation: (Assume all transactions are cash transactions)

1. Acquired $3,600 cash from issuing common stock.
2. Borrowed $2,500 from a bank.
3. Earned $3,400 of revenues.
4. Incurred $2,460 in expenses.
5. Paid dividends of $460.

Lexington Company engaged in the following transactions during Year 2: (Assume all transactions are cash transactions)

1. Acquired an additional $800 cash from the issue of common stock.
2. Repaid $1,510 of its debt to the bank.
3. Earned revenues, $4,800.
4. Incurred expenses of $2,870.
5. Paid dividends of $1,000.

What was the amount of liabilities on Lexington's balance sheet at the end of Year 2?