Packard Company engaged in the following transactions during Year 1, its first year of operations:(Assume all transactions are cash transactions.) 1) Acquired $1300 cash from the issue of common stock 2) Borrowed $770 from a bank 3) Earned $950 of revenues 4) Paid expenses of $320 5) Paid a $120 dividend During Year 2, Packard engaged in the following transactions: (Assume all transactions are cash transactions.) 1) Issued an additional $675 of common stock. 2) Repaid $465 of its debt to the bank. 3) Earned revenues of $1100. 4) Incurred expenses of $500 5) Paid dividends of $170. What is the amount of total stockholders' equity that will be reported on Packard's balance sheet at the end of Year 1 O $1930 O $510 O $1180. O $1810