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please help! Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 share stock outstanding as of

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Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 share stock outstanding as of the beginning of 2024. Power Drive has the following transactions affecting stockholders' equity in March 1 Issues 59,000 additional shares of $1 par value common stock for $56 per share. May 10 Purchases 5,400 shares of treasury stock for $59 per share. June 1 Declares a cash dividend of $1.70 per share to all stockhoiders of record on June 15. (Hint: Divid not paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. 0ctober 21 Reselts 2,700 shares of treasury stock purchased on May 10 for $64 per share. Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January 1,2024: Co $100,000; Additional Paid-in Capital, $4,900,000; and Retained Earnings, $2,400,000. Net income for the year ended Dec 2024 , is $640,000. Required: Prepare the statement of stockholders' equity for Power Drive Corporation for the year ended December 31, 2024. (Amou deducted should be indicated by a minus sign.)

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