Power Dive Coiporation designs and produces a line of golf equipment and golf apparel. Power Dive 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 65,600 additional shares of 52 par value comon stock for 562 per share. May 10 Purchases 6,000 shares of treasury atock for 165 per thare. June 1 Declares a cash dividend of 52.00 per sthare to all stockolders of record on June 15. (rrint: olvidends are not paid on July 1 Pays the cath divistend declared on Jure 1. october 21 Resells 3,600 shares of treasury stock purchased on may 10 for s7e per share. Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Common Stock. $100,000, Additional Paidin Capital, $5,500,000, and Revained Earning5, $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.)