Power Drive Corporation designs and produces a line of goif equipment and golf apparel. Power Drive 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 Mareh-1 Issues 45,000 additional ahares of il par value coshon stock for 542 per whare. May 10 Purebases 4,000 shares of treasery stock for $45 per share. Sane 1 Declares a eash dividesd of $1. 00 per share to all atockholdera of record en tuna 15 . (aint oividendo are July 1 Thot payd on treasiry stock. pase east dividefid deckered on June 1. Detober 21 Hesel11 2,000 ahares of treatury stoek purchased on kay 10 for 550 per share. Power Dive Corporation has the following beginning balances in its stockholders equity accounts on January 1,2024 . Cemrnon Stock, 5100,000; Additional Paid in Capital, 53,500,000; and Retained Earning\$, 51,000,000 Net income for the year ended December 31 . 2024, is 5500,000 Required: Prepare the stockholders' equity section of the balance sheet for Power Drive Corporation as of December 31 .2024 Note: Amounts to be deducted should be indicated by a minus sigr