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Packard Company engaged in the following transactions during Year 1 , its first year of operation 1) Acquired $1,600 cash from the issue of common
Packard Company engaged in the following transactions during Year 1 , its first year of operation 1) Acquired $1,600 cash from the issue of common stock 2) Borrowed \$1,070 from a bank. 3) Earned $1,250 of revenues cash. 4) Paid expenses of $380 5) Paid a $180 dividend. During Year 2, Packard engaged in the following transactions. (Assume all transactions are cash 1) Issued an additional $975 of common stock. 2) Repaid $675 of its debt to the bank. 3) Earned revenues of $1,400 cash. 4) Incurred expenses of $620. 5) Paid dividends of $230. What is the amount of Packard Company's net cash flow from financing activities for Year 2
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