Lexington Company engaged in the following transactions during Year 1, its first year of operations. (Assume all transactions are cash transactions.) 1) Acquired $4.900 cash from issuing common stock. 2) Borrowed $3,150 from a bank 3) Earned $4,050 of revenues. 4) Incurred $2,590 in expenses. 5) Paid dividends of $590 mo Lexington Company engaged in the following transactions during Year 2: 1) Acquired an additional $1.450 cash from the issue of common stock, 2) Repaid $1.965 of its debt to the bank. 3) Earned revenues, $5,450. 4) Incurred expenses of $3,130. 5) Paid dividends of $1,780 The amount of total assets on Lexington's balance sheet at the end of Year 1 was