buna UNC HeelMail May 10 June 1 UNC | Zoom Video... Saved Major Worksheets Help Save & Exit March 1 Issues 60,000 additional shares of $1 par value common stock for $57 per share. Purchases 5,500 shares of treasury stock for $60 per share. 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 2024. Power Drive has the following transactions affecting stockholders' equity in 2024. All Bo Submit POWER DRIVE CORPORATION Statement of Stockholders' Equity Cartha Voor Ended Nocember 24. 202/ Check my work Declares a cash dividend of $1.75 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. October 21 Resells 2,750 shares of treasury stock purchased on May 10 for $65 per share. Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January 1, 2024. Common Sto