Seve Required information The following information applies to the questions displayed below) Schmitty Company had the following transactions during Year 1, its first year of operations. Assume a 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) Paid expenses of $250 5) Paid a $50 dividend During Year 2. Schmitty had 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) Paid dividends of $100. What is the amount of total stockholders' equity that will be reported on Schmitty's balance sheet at the end of Multiple Choice Next > 14 of 35