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TOT 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 Issues 411,000 additional shares of $1 par value common stock for $45 per share May 10 Purchases 4,300 shares of treasury stock for $48 per share June 1 Declares a cash dividend of $1.15 per here to stockholders of record on June 15. olvidends are not pold on treasury stock.) July 1 Pays the cash dividend declared on June 1 October 21 Resells 2,150 shares of treasury stock purchased on May 10 for $50 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 $3,800,000 and Retained Earnings 51,300,000 Net Income for the year ended December 31 2021, is $530,000 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 complete but not entirely correct. POWER DRIVE CORPORATION Statement of Stockholders'Equity For the Year Ended December 31, 2021 Return to 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 complete but not entirely correct. POWER DRIVE CORPORATION Statement of Stockholders' Equity For the Year Ended December 31, 2021 Common Additional Retained Stock Paid in Earnings Capital S 100.000 $ 3,800,000 $ 1,300,000 48,000 2 112.000 Treasury Stock $ 0 (206,400) Balance, January 1 Issue common stock Purchase treasury stock Declare dividends Resell treasury stock Net Income Balance December 31 Total Stockholders Equay S 5,200.000 2,160.000 (206.400) (287400) 113.950 530 000 $ 7,510 150 (287,400) solo 10,750 103,200 530 000 1,542,600 s 148.000 5.922,750 (103.200)