Packard Company engaged in the following transactions during Year 1, its first year of operations: (Assume ali transactions are cash transactions.) 1) Acquired $1,550 cash from the issue of common stock. 2) Borrowed $1,020 from a bank. 3) Earned $1,250 of revenues. 4) Paid expenses of $370 5) Pald a $170 dividend. During Year 2. Packard engaged in the following transactions: (Assume all transactions are cash transactions.) 1) Issued an additional $925 of common stock 2) Repaid $640 of its debt to the bank. 3) Earned revenues of $1,350 4) Incurred expenses of $600. 5) Paid dividends of $220. What is the net cash inflow from operating activities that will be reported on Packard's statement of cash flows for Year 17 What is the net cash inflow from operating activities that will be reported on Packard's statement of cash flows for Year 12 Multiple Choice $880 $1,720 $1,250 $710