Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Dive 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. March 1 Ismues 61,000 additional whares of $1 par value comon seock for $5 i per share. Kay 10 Purchases 5,600 shares of treasury stock for $61 per share. Jone 1 Declaren a cast dividend of $1.80 per ahare to all stockholders of record on June 15 . (Hint) pividendn are not paid on treasury stock.) July 1 Payn the cast dividend declared on June 1. Ootober 21 - Resell 2,800 shares of treasury stock parchased on May 10 for $66 per share. Power Drive Corporation has the following beginning balences in its stockholders' equity accounts on January 1, 2024 : Common Stock. $100,000; Additional Paid-in Capital, \$5,100,000; and Retained Eamings, $2,600,000 Net income for the year ended December 31, 2024 , is $660,000 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 sign