Packard Company engaged in the following transactions during Year 1, its first year of operations (Assume all transactions are cash transactions) 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

Packard Company engaged in the following transactions during Year 1, its first year of operations (Assume all transactions are cash transactions) 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 transactions.) 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? Multiple Choice