Power Drive Corporation designs and produces a ino of gof equipment and golt apparel Power Drive has 100,000 shares of common stock outstanding as of the Drive has the following transactions affecting stockholders' equity in 2018. March 1 Issues 54,000 additional shares of $1 par value common stock for $51 per share May 10 Repurchases 4,900 shares of treasury stock for $54 per share June 1 Declares a cash dividend of $1.45 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on July 1 Pays the cash dividend declared on June1 October 21 Reissues 2.450 shares of treasury stock purchased on May 10 for $59 per share. treasury stock.) Required: Record each of these transactions. (f no entry is required for a particular transaction, select "No journal entry required" in the first account field. View transaction listview journal entry worksheet Credit Debit Gcneral Journal Date No 2,754,000 1 March 01, 2018 Cash 54,000 2,700,000 Common stock Additional paid-in capital 264,600 2 May 10, 2018 Treasury stock 264,600 Cash 3 June 01, 2018 Dividends Dividends payable July 01, 2018 Dividends payable Cash 144.550