1 Exercise 10-12A Prepare a statement of stockholders' equity (L010-7) 2 Power Drive Corporation designs and produces a line of golf equipment and golf apparel Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2021. Power Drive has the following transactions affecting stockholders' equity in 2021 March 1 Teve 47,000 additional shares of $1 par value common stock for $44 per share. May 10 Purchase 4,200 shares of treasury stock for 547 per share. June 1 Declans & cash dividend of $1.10 per share to 11 stockholders of record on June 15. (Hint Dividends are sot paid on tremury stock.) July 1 Pays the cash dividend declared on June 1. October 21 relle 2,100 shares of treasury stock purchased on May 10 for 552 per share. Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January 1, 2021 Common Stock, $100,000; Additional Paid-in Capital, $3,700,000, and retained Earnings, $1200,000. Net Income for the year ended December 31, 520,000 Required: Prepare the statement of stockholders' equity for Power Drive Corporation for the year ended December 31, 2021. (Amounts to be deducted should be indicated by a minus sign) Answer is not complete POWER DRIVE CORPORATION Statement of ockholders' qully For the Year Ended December 11, 2021 Coorman Additional Total Retained Treasury Stock Palden Stock Bieckholdere Capital Earnings Equity Bale, January 100.000 5.700.000 $ 1.200.000 $5.000.000 como 47.000 2.021.000 Purchase trourok (197,400) Declare dividende (4701010 Rasury Nation Blanca, December 31 $ 47000 6.721.000 1.152.920 (1974003 56823.520 $ 5 0