CHIO - Stockholders' Equity Seved Help Save & Exit Submit 6 Check my work 4 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 March 1 Issues 50.000 additional shares of 51 par value common stock for 547 ger share May 10 Purchases 4,500 shares of treasury stock for 550 per share. June 1 Declares a cash dividend of 11.25' per share to att stockholders of record on June 15. (Hint: Dividends are on . July 1 Pays the cash dividend declared on June 1. October 21 resells 2,250 shares of treasury stock purchased on May 10 for $5 per share. Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January 1 2024 Common Stock $100,000, Additional Paid-in Capital, 54.000.000, and retained Earnings. 500.000 Net income for the year ended December 31, 2024, 3550.000 Required: Prepare the statement of stockholders equity for Power Drive Corporation for the year ended December 31, 2024. (Amounts to be deducted should be indicated by a minus sign.) OP POWER DRIVE CORPORATION statement of stockholders' Equity For the Year Ended December 31, 2014 Aditional Common Stock Betained Paid in Capital Earnings $ 100,000 4.000.000 1.500.000 Tot Treasury stack stockholders Equity 5.800.000 05 Balance January ASD can stock Purches Very sock Declare dividende Payment of castidords Rolly SOCK Nel come Dance December 31 5 100.000 4.000.000 1.500.000 05 5,500,000