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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 $1,000 cash

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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 $1,000 cash from the issue of common stock 2) Borrowed $470 from a bank 3) Earned $650 of revenues cash 4) Paid expenses of $260. 5) Paid a $60 dividend During Year 2. Packard engaged in the following transactions. (Assume all transactions are cash transactions.) 1) Issued an additional $375 of common stock 2) Repaid $255 of its debt to the bank, 3) Earned revenues of $800 cash 4) Incurred expenses of $380. 5) Paid dividends of $110 Packard Company's net cash flow from financing activities for Year 2 is: Score answer

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