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make a similar chart please March June Power Drive Corporation designs and produces a line of golf equipment and golf apparel, Power Drive has 100,000
make a similar chart please
March June 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. 1 Issues 46.000 additional shares of $1 par value common stock for $43 per share. Hay 10 Purchases 4,100 shares of treasury stock for $46 per share. 1 Declares a cash dividend of $1.05 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 dolls 2,050 shares of treasury stock purchased on May 10 for 551 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, $3,600,000, and Retained Earnings, $1,100,000 Net Income for the year ended December 31, 2021, is $510,000 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 Statement of Stockholders' Equity For the Year Ended December 31, 2021 Total Additional Retained Common Stock Pald-in Capital Earnings Treasury 13 Stockholders' Equity $ 100.000 $ 3,600,000 $ 1,100,000 $ 0$ 4,800,000 Balance, January 1 Issue common stock Purchase treasury stock Declare dividends Resell treasury stock Net income Balance, December 31 Step by Step Solution
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