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) Earned revenues of $750, 4) Incurred expenses of $360. 5) Pald dividends of $100 What is the amount of total stockholders' equity that will be reported on Packard's balance sheet at the end of Year 12 $250 $1,350 $1,300 $900