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 $2026.$ Power Drive has the following transactions affecting stockholders' equity in $2026.$May $10$ Purchases $5,700$ shares of its own common stock for $$62$ per share.

June $1$ Declares a cash dividend of $$1\mathrm{.}85$ per share to all stockholders of record on June $15.($Hint: Dividends are

not paid on repurchased stock.$)$

July $1$ Pays the cash dividend declared on June $1.$

October $21$ Resells $2,850$ shares of stock purchased on May $10$ for $$67$ per share.Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January $1,2026$: Common

Stock, $$100,000$; Additional Paid$-$in Capital, $$5,200,000$; and Retained Earnings, $$2,700,000.$ Net income for the year ended

December $31,2026,$ is $$670,000.$

Required:

Prepare the stockholders' equity section of the balance sheet for Power Drive Corporation as of December $31,2026.$

Note: Amounts to be deducted should be indicated by a minus sign.