Final answer:
The total stockholders' equity at the end of year 1 cannot be determined with the given information as changes to assets and liabilities during the year are not provided. If no changes occurred, the equity would be $30 million.
Step-by-step explanation:
To determine the total stockholders' equity that will be reported on Packard's balance sheet at the end of year 1, we must look at the company's assets and liabilities. The stockholders' equity is calculated by subtracting total liabilities from total assets. Using the given information:
However, the values given for the assets ($30 + $50 + $50) and the equity and deposits ($30 + $300) do not directly lead us to the stockholders' equity at the end of year 1 as no total assets or new values were given that would affect equity alongside liabilities for year 1. Without this, we cannot determine the change in stockholders' equity.
If the question intends to use the initial values as year-end values, then the stockholders' equity would simply be the same as the given 'equity' value:
Equity at the end of Year 1 = $30 million