I am strugglung to figure out how to do this.

Exercise 10-12A 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 2021. Power Drive has the following transactions affecting stockholders' equity in 2021 . March 1 Issues 65,006 additional shares of $1 par value conmon 5 tock for $62 per share. May 10 Purchases 6,800 shares of treasury stock for s65 per share. June 1 beclares a cash dividend of \$2.00 per share to all stockholders of record on June 15. (Hint: 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 ste per share. Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Common Stock, $100,000 : Additional Paid-in Capital, \$5,500,000; and Retained Earning5, \$3,000,000. Net income for the year ended December 31, 2021, is $700,000 Required: Prepare the statement of stockholders' equity for Power Drive Corporation for the year ended December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Common Stock, \$100,000: Additional Paid-in Capital, $5,500,000; and Retained Eamings, $3,000,000. Net income for the year ended December 31, 2021, is $700,000 Required: Prepare the statement of stockholders' equity for Power Drive Corporation for the year ended December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.)