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 2018. Power Drive has the following transactions affecting stockholders equity in 2018 March 1 Issues 46,000 additional shares of $1 par value common stock for $43 per share. un 1 Deiaren a csh diodend ,. pr he 15 (Hint Dividends are not paid on treasury stock) June 1 Declares a cash dividend of $1.05 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 Reissues 2,050 shares of treasury stock purchased on May 10 for $51 per share Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January 1, 2018: Common Stock, $100,000; Additional Paid-in Capital, $3,600,000; and Retained Earnings, $1,100,000. Net income for the year ended December 31, 2018, is $510,000 Required Prepare the statement of stockholders' equity for Power Drive Corporation for the year ended December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.) POWER DRIVE CORPORATION Statement of Stockholders' Equity For the Year Ended December 31, 2018 Total Retained Common Stock Paid-in Capital Earnings Additional Treasury Stock Stockholders Equity Balance, January 1 Issued common stock Purchase treasury stock Dividends Sale of treasury stock Net income $ 100,000 3,600,000,100,000$ 0$ 4,800,000 Balance, December 31