Packard Company engaged in the following transactions during Year 1, its first year of operations: (Assume all transactions are cash transactions.) 1) Acquired $950 cash from the issue of common stock. 2) Borrowed $420 from a bank 3) Earned $650 of revenues 4) Pald expenses of $250. 5) Pald a $50 dividend During Year 2, Packard engaged in the following transactions: (Assume all transactions are cash transactions.) 1) Issued an additional $325 of common stock, 2) Repaid $220 of its debt to the bank. 3) Eamed revenues of $750. 4) Incurred expenses of $360. 5) Pald dividends of $100 The amount of assets on Packard's Year 2 balance sheet is $395. $2,215. $440. $2,115