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 2024. Power Drive has the following transactions affecting stockholders' equity in 2024. Narch 1 Issued 65,000 additional shares of $1 par valve cornon stock for 562 per share. May 10 Purehasen 6,000 ohares of treasury atock for 465 per whare. Jane 1 Declacen a caah dividend of $2,00 per ahare to atl atoekholders of record on June 15. (Hintr Dividenda are July. 1 pat paid on the cash dividend declared on June 1 . october 21 Resells 3,000 aharen of treanury stock porehased on May 10 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 statement of stockholders' equity for Power Drive Corporation for the year ended December 31, 2024. (Amounts to be deducted should be indicated by a minus sign.)