Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2015. Power Drive has the following transactions affecting stockholders' equity in 2015. additional shares of $1 par value common stock for S49 per share. Repurchases 4,700 shares of treasury stock for $52 per share. Declares a cash dividend of S1.35 per share to all stockholders of record on June 15. Pays the cash dividend declared on June 1. Reissues 2,350 shares of treasury stock purchased on May 10 for S57 per share. Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January 1, 2015: Common Stock, $100,000; Additional Paid-in Capital, $4,200,000; and Retained Earnings, $1,700,000. Net income for the year ended December 31, 2015, is S570,000. Required: Prepare the stockholders' equity section of the balance sheet for Power Drive Corporation as of December 31, 2015. (Amounts to be deducted should be indicated by a minus sign.) Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2015. Power Drive has the following transactions affecting stockholders' equity in 2015. Issues 59,000 additional shares of $1 par value common stock for $56 per share. Repurchases 5,400 shares of treasury stock for S59 per share. Declares a cash dividend of $1.70 per share to all stockholders of record on June 15. Pays the cash dividend declared on June 1. Reissues 2,700 shares of treasury stock purchased on May 10 for $64 per share. January 1, 2015: Common Stock, $100,000; Additional Paid-in Capital, $4,900,000; and Retained Earnings, $2,400,000. Net income for the year ended December 31, 2015, is $640,000. Required: Prepare the statement of stockholders' equity for Power Drive Corporation for the year ended December 31, 2015. (Amounts to be deducted should be indicated by a minus sign.)