Lexington Company engaged in the following transactions during Year $1,$ its first year in operation: $($Assume all transactions are cash transactions$)$ Acquired $$3,600$ cash from issuing common stock. Borrowed $$2,500$ from a bank. Earned $$3,400$ of revenues. Incurred $$2,460$ in expenses. Paid dividends of $$460.$ Lexington Company engaged in the following transactions during Year $2$: $($Assume all transactions are cash transactions$)$ Acquired an additional $$800$ cash from the issue of common stock. Repaid $$1,510$ of its debt to the bank. Earned revenues, $$4,800.$ Incurred expenses of $$2,870.$ Paid dividends of $$1,000.$ What was the amount of liabilities on Lexington's balance sheet at the end of Year $2?$