4 2 Exercise 10-11A Prepare the stockholders' equity section (L010-7) 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 Karel 1 Isus 53,000 additional shares of 1 par value como stock for $50 per share May 10 Purebasee ,000 shares of treasy stock for $5) per share. Declares tan dividend of $1.40 per bare to all stockholders of record of Juse 15. (siste dividends are not paid a treasury stock.) July 1 Paye the cash dividend declared on June 1. betober 21 elle 2,400 shares of treasury stock purchased on May 30 for $58 por 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, $4,300,000, and retained Eamnings. $1800,000. Net income for the year ended December 31, 2021, is $580,000 Required: Prepare the stockholders equity section of the balance sheet for Power Drive Corporation as of December 31, 2021 (Amounts to be deducted should be indicated by a minus sign) Puf POWER DAME CORPORATION Balance (Stockholders'uty Section December 31, 2021 Stockholders' Equity Common Stock 5 Additions Pudin Capital 155.400 155.400 Total Paldin Con Resinad famiga Troury Stock Toti Stockholders 5 155.400