Packard Company engaged in the following transactions during Year 1, its first year of operations. (Assume all transactions are cash transactions.) 1) Acquired $1,500 cash from the issue of common stock. 2) Borrowed $970 from a bank. 3) Earned $1,150 of revenues cash. 4) Paid expenses of $360. 5) Paid a $160 dividend. During Year 2, Packard engaged in the following transactions. (Assume all transactions are cash transactions.) 1) Issued an additional $875 of common stock. 2) Repaid $605 of its debt to the bank. 3) Earned revenues of $1,300 cash. 4) Incurred expenses of $580. 5) Pald dividends of $210. What was the amount of total stockholders' equity on Packard's balance sheet at the end of Year 1? Multiple Choice O $2,130 $360 O O $2.29 $2,290 $1,340 o