Saved Packard Company engaged in the following transactions during Year 1, its first year of operations: (Assume all transactions are cash transactions.) 1) Acquired $1,500 cash from the issue of common stock 2) Borrowed $970 from a bank 3) Earned $1,200 of revenues 4) Paid expenses of $360. 5) Paid a $160 dividend. During Year 2, Packard engaged in the following transactions: (Assume all transactions are cash transactions.) 1) Issued an additional $875 of common stock 2) Repaid $605 of its debt to the bank 3) Earned revenues of $1,300. 4) Incurred expenses of $580. 5) Paid dividends of $210. What is the amount of total stockholders' equity that will be reported on Packard's balance sheet at the end of Year 1? Multiple Choice $2.340 $470 $1,340 What is the amount of total stockholders' equity that will be reported on Packard's balance sheet at the end of Year 13 Multiple Choice O $2,340 O $470 O $1,340 $2,180 ME