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Packard Company engaged in the following transactions during Year 1, its first year of operations: (Assume all transactions are cash transactions.) 1) Acquired $1,750
Packard Company engaged in the following transactions during Year 1, its first year of operations: (Assume all transactions are cash transactions.) 1) Acquired $1,750 cash from the issue of common stock. 2) Borrowed $1,220 from a bank. 3) Earned $1,450 of revenues. 4) Paid expenses of $410. 5) Paid a $210 dividend. During Year 2, Packard engaged in the following transactions: (Assume all transactions are cash transactions.) 1) Issued an additional $1,125 of common stock. 2) Repaid $780 of its debt to the bank. 3) Earned revenues of $1,550. 4) Incurred expenses of $680. 5) Paid dividends of $260. What is Packard Company's net cash flow from financing activities for Year 2?
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