packard company engaged in the following transactions during year 1, its first year of operations. (assume all transactions are cash transactions.) 1) acquired $1,300 cash from the issue of common stock. 2) borrowed $770 from a bank. 3) earned $950 of revenues cash. 4) paid expenses of $320. 5) paid a $120 dividend. during year 2, packard engaged in the following transactions. (assume all transactions are cash transactions.) 1) issued an additional $675 of common stock. 2) repaid $465 of its debt to the bank. 3) earned revenues of $1,100 cash. 4) incurred expenses of $500. 5) paid dividends of $170. packard company's net cash flow from financing activities for year 2 is .
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