Exercise 1015 (Algo) Prepare a statement of stockholders' equity (LO10-7) Power Drive Corporation designs and produces a line of goif 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 $2,000 additional shares of $1 par value comon stock for $49 per share. May 10 Purchases 4,700 shares of treasury stock for $52 per share. june 1 Declares a cash dividend of $1.35 per share to all stockholders of record on sune 15. (Hint: oividends are not paid on treasury stack.) July 1 Pays the cash dividend declared on June 1 . october 21 Resells 2,350 shares of treasury stock purchased on Hay 10 for $57 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, $4.200,000; and Retained Earnings, $1,700,000. Net income for the year ended December 31 , 2024 , is $570.000 Required: Prepare the statemient of stockhoiders' equity for Power Dive Corporation for the year ended December 31,2024 . (Amounts to be deducted should be indicated by o minus sign.)