Packard Company engaged in the following transactions during Year 1, its first year of operations: (Assume all transactions are cash transactions.) 1) Acquired $1,250 cash from the issue of common stock. 2) Borrowed $720 from a bank 3) Earned $900 of revenues. 4) Paid expenses of $310. 5) Paid a $110 dividend. During Year 2, Packard engaged in the following transactions: (Assume all transactions are cash transactions.) 1) Issued an additional $625 of common stock. 2) Repaid $430 of its debt to the bank. 3) Earned revenues of $1,050. 4) Incurred expenses of $480. 5) Paid dividends of $160. What is the amount of total stockholders' equity that will be reported on Packard's balance sheet at the end of Year 1