- SLO-Prepare basic statements Seved Help Packard Company engaged in the following transactions during Year 1, its first year of operations. (Assume all transactions are cash transactions.) 1) Acquired $1,750 cash from the issue of common stock. 2) Borrowed $1.220 from a bank. 3) Earned $1,400 of revenues cash. 4) Paid expenses of $410 5) Paid a $210 dividend 1:29 During Year 2. Packard engaged in the following transactions. (Assume all transactions are cash transactions.) 1) Issued an additional $1125 of common stock. 2) Repaid $780 of its debt to the bank. 3) Earned revenues of $1,550 cash. 4) Incurred expenses of $680. 5) Pald dividends of $260. The net cash inflow from operating activities on Packard's statement of cash flows for Year 2 is