Packard Company Engaged in the Following Transactions During Year 1

Packard Company engaged in the following transactions during Year 1, its first year of operations: (Assume all transactions are cash transactions.) 1) Acquired $1,450 cash from the issue of common stock.2) Borrowed $920 from a bank.3) Earned $1,150 of revenues.4) Paid expenses of $350.5) Paid a $150 dividend.
During Year 2, Packard engaged in the following transactions: (Assume all transactions are cash transactions.)
1) Issued an additional $825 of common stock.2) Repaid $570 of its debt to the bank.3) Earned revenues of $1,250.4) Incurred expenses of $560.5) Paid dividends of $200.
What is the net cash inflow from operating activities that will be reported on Packard's statement of cash flows for Year 1?

A) $800
B) $1,570
C) $1,150
D) $650