Refer to the information in E10€“9. Power Drive Corporation has the following beginning balances in its stockholders€™ equity accounts on January 1, 2015: Common Stock, $200,000; Additional Paid-in Capital, $3,800,000; and Retained Earnings, $1,500,000. Net income for the year ended December 31, 2015, is $800,000.
In E10€“9, Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 200,000 shares of common stock outstanding as of the beginning of 2015. Power Drive has the following transactions affecting stockholders€™ equity in 2015.
March 1 Issues 25,000 additional shares of $1 par value common stock for $18 per share.
May 10 Purchases 6,000 shares of treasury stock for $20 per share.
June 1 Declares a cash dividend of $1.00 per share to all stockholders of record on June 15.
July 1 Pays the cash dividend declared on June 1.
October 21 Reissues 4,000 shares of treasury stock purchased on May 10 for $25 per share.

Required:
Taking into consideration all the entries described in E10€“8, prepare the statement of stockholders€™ equity for Power Drive Corporation for the year ended December 31, 2015, using the formatprovided.

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POWER DRIVE CORPORATION Statement of Stockholders' Equity For the year ended December 31, 2015 Additional Total Common Paid- ed Treasury Stockholders' Stock Capital Earnings Stock Equity ce, January s200,000 3,800,000 1,500,000 S5,500,000 Issue common stock Purchase treasury stock Cash dividends Sale of treasury stoc Net income Balance, December 31