Check my work 6 Exercise 10-12A Prepare a statement of stockholders' equity (L010-7) 4 points 9 00:40:00 March y Book 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. I I. 63,000 additional shares of $1 par value common stock tor 660 per share 10 Purchases 5,000 shares of treaty stock for 563 per share. 1 Declares a cash dividend of 51.90 per Share to all stockholders of record on June 15. tit Dividends are not paid on treasury stock) July 1 Pays the cash dividend declared on June 1. October 21 Resells 2,900 shares of treasury stock purchased on May 10 for $68 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. $5.300,000; and Retained Earnings. $2,800,000. Net Income for the year ended December 31, 2021, is $680.000 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.) References POWER DRIVE CORPORATION Statement of Stockholders' Equity For the Year Ended December 31, 2021 Additional Ratained Total Common Stock Paldin Capital Earnings Treasury Stock Stockholders $ 100,000 $ 5,300.000 5 2.800,000 $ Os 8.200,000 Balance January sue common stock Purchase treasury stock Declare dividends Restreasury stock Net income Balance, December 31