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 06 Marsh May June D July 1 Issues 64,000 aditional shares of $1 per value con stack for $1 per share. 18 Purchases, 5,900 shares of treasury stack for $64 1 Declares cash dividend of $1.95 per share to all stockholders of record on June 15. (met: Bividends are not al treasury stack.) 1 Pays the cash dividend declared on June 1. October 21 Besells 2,sa sheres of treasury stack purchased on nay 10 for 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 $5.400.000, and Retamest Earnings. $2.900.000 Net income for the year ended December 31 2021, is 5000.000 Required Prepare the stockholders' equity section of the balance sheet for Power Drive Corporation as of December 31, 2021 (Amours to be deducted should be indicated by a minus sign) POWER DRIVE CORPORATION Duckbillers Equity Secti D31,300 Stockholders Empty 64000 3840000 Tal Pat Capital 334 ayk Tat Sky 3304300