Packard Company engaged in the following transactions during Year 1, its first year of operations. (Assume all transactions are cash transactions.)

1. 1) Acquired $1,300 cash from the issue of common stock.
2. 2) Borrowed $770 from a bank.
3. 3) Earned $950 of revenues cash.
4. 4) Paid expenses of $320.
5. 5) Paid a $120 dividend.

During Year 2, Packard engaged in the following transactions. (Assume all transactions are cash transactions.)

1. 1) Issued an additional $675 of common stock.
2. 2) Repaid $465 of its debt to the bank.
3. 3) Earned revenues of $1,100 cash.
4. 4) Paid expenses of $500.
5. 5) Paid dividends of $170.

What is the amount of total assets that will be reported on Packard's balance sheet at the end of Year 2?