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Exercise 10-14 (Algo) Prepare the stockholders' equity section of the balance sheet (LO10-7) Power Orive Corporation designs and produces a line of golf equipment and

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Exercise 10-14 (Algo) Prepare the stockholders' equity section of the balance sheet (LO10-7) Power Orive Corporation designs and produces a line of golf equipment and golf apparel. Power Dive has 100,000 shares of common stock outstanding as of the beginning of 2024. Power Drive has the following transactions affecting stockholders' equity in 202.4 . May 10 parchases 5,160 aharen of treatary stock for. $56 per share. October 21 Meselis 2,550 ahares of treasury stoek parchased on May 10 for 561 per share. Power Orive Corporation has the following boginning balances in its stockholdors' equity accounts on January 1,2024 ; Common Stock, \$100,000; Additional Pald in Caphal, $4,600,000; and Retained Eamings, $2,100,000 Net income for the year ended December 31 . 2024 , is $610,000 Pequired: Prepare the stockholders' equity section of the balance sheet for Power Drive Corporation as of December 31,2024 . (Amounts to be deducted should be indicated by a minus sign.)

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