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need this answered asap Power Dive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common
need this answered asap
Power Dive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding os of the beginning of 2024. Power Drive has the following transactians affecting stockholders' equity in 2024 March 1 Issues 62,600-additional shares of 51 par value common stock for 559 per share. May 1e Purchases 5,70 shares of treasury stock for 562 per share. Dune 1 Declares a cash dividend of \$1.85 pen share to a11 stockholders of record on June 15: (Mint; Dividends are not paid on July 1 Pays the cash dividend declaced on June 1. october 21 Resells 2,850 shares of treasury stoci purchased on May 10 for 567 per share. Power Drive Corporation has the following beginning balances in its stocktolders' equity accounts on January 1, 2024: Common' Stock. $100,000 : Additional Poid-in Capital, $5,200,000; and Retained Earnings, $2,700,000 Net income for the year ended December 31, 2024, is $670,000 Required: Prepare the stockholders' equily section of the balance sheet for Power Drive Corporation as or December 31, 2024. (Amounts to be deducted should be indicated by a minus sign.) Step by Step Solution
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