Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding of of the beginning of 2024 . Power Drive hos the following transactions affecting stockholders' equity in 2024. March 1 Issues 54,000 additional shares of 51 par velue common stock for 551 per share. Msy 10 Purchases 4,900 stares of treasury stock for 554 per stare. June 1 Declares o cash dividend of 51.45 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) July 1 Pays the cash dividend declared on june 1. October 21 Resells 2,450 shares of treasury stock purchased on May 10 for 359 per share. Power Drive Corporation has the following beginning boiances in its stockholders' equity occounts on January 1, 2024: Common Stock, \$100,000: Additional Paid-in Copital, 54,400,000, and Retained Eatnings, \$1,900,000. Net income for the year ended December 31. 2024, is $590,000 Required: Prepore the stockholders' equity section of the bolance sheet for Power Drive Corporation os of December 31, 2024. (Amounts to be deducted should be indicated by a minus sign.)