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Fill out the balance sheet I will like your answer thanks Power Drive Corporation designs and produces a line of golf equipment and goif apparel.

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Power Drive Corporation designs and produces a line of golf equipment and goif 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 65,000 additional shares of $1 par volue comon 5 tock for $62 per share, May 1e Purchases 6 , 000 shares of treasury stock for $65 per share. June 1 Declares a cash dividend of $2.00 per share to all stockhoiders of record on June 15. (ihint: Dividends are not paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. october 21 Resells 3,000 shares of treasury stock purchased on May 10 for $70 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, \$5,500,000; and Retained Earnings, $3,000,000. Net income for the year ended December 31 . 2024 , is $700,000. Required: 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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