Power Dive Corporation designs and produces a line of golf equipment and golf apparei. Power Drive has 100.000 shares of comimon stock outstanding as of the beginning of 2024 . Power Drive has the following transactions affecting stockholders' equity in 2024 . March 1 Issues 65 , 00e adattional shares of 51 par value comon stock for 562 per shace. Hay 10: Purchaset 6 , bee shares of treasury stock for 165 per sthare. June 1 Declares a cash dividend of 52, , pe per share to all stockholders of record on June 15. (Hrinti. Dividends are not paid on treasury stock 3 July 1 Pays the cash dividend declared on June 1 , october 21 Resells 3, 000 shares of treasury stock purchased on My 1e for 570 per share. Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January 1 , 2024. Common Stock. \$100,000: Additional Paid-in Capital, $5,500,000, and Retained Earnings. $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.)