Exercise 10-15 (Algo) Prepare a statement of stockholders' equity (LO10-7) 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 48,000 additional shares of $1 par value conmon stock for $45 per share. May 18 Purchases 4,300 shares of treasury stock for $48 per share. June 1 Declares a cash dividend of $1.15 per share to all stockholders of record on June 15. (Miat: Dividends are not paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. October 21 Reselts 2,150 shares of treasury stock purchased on May 10 for 553 per share. Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on Janvary 1, 2024- Common Stock, $100,000; Additional Paid-in Capital, \$3,800,000; and Retained Earnings, $1,300,000. Net income for the year ended December 34 2024 , is $530,000 Prepare the statement of stockholders' equity for Power Drivb Corporation for the year ended December 3t, 2024, (Amounts to be Required: deducted should be indicated by a minus sign.) Required: Prepare the statement of stockholders' equity for Power Drive Corporation for the year ended December 31, deducted should be indicated by a minus sign.)