Packard Company engaged in the following transactions during Year 1, its first year of operations. (Assume all transactions are cash transactions.) 1) Acquired $1,400 cash from the issue of common stock. 2) Borrowed $870 from a bank. 3) Earned $1,050 of revenues cash. 4) Paid expenses of $340. 5) Paid a $140 dividend.

During Year 2, Packard engaged in the following transactions. (Assume all transactions are cash transactions.) 1) Issued an additional $775 of common stock. 2) Repaid $535 of its debt to the bank. 3) Earned revenues of $1,200 cash. 4) Paid expenses of $540. 5) Paid dividends of $190.

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