! Required information [The following information applies to the questions displayed below.) Packard Company engaged in the following transactions during Year 1, its first year of operations: (Assume all transactions are cash transactions.) 1) Acquired $1,350 cash from the issue of common stock. 2) Borrowed $820 from a bank 3) Earned $1,000 of revenues. 4) Paid expenses of $330. 5) Paid a $130 dividend. During Year 2, Packard engaged in the following transactions: (Assume all transactions are cash transactions.) 1) Issued an additional $725 of common stock. 2) Repaid $500 of its debt to the bank. 3) Earned revenues of $1,150. 4) Incurred expenses of $520. 5) Paid dividends of $180. What is the amount of assets that will be reported on Packard's balance sheet at the end of Year 2