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. March 1 Issues 53,000 additional ahares of $1 par value common stoek for $50 per ahare. May 10 Purchases 4,800 shares of treasury stock for $53 per share. June 1 Declares a cash dividend of $1.40 per ahare to all stockholders of record on June 15. (Hint, Dividends are July 1 pays the cash dividend deelared on June 1. october 21 Resel1s 2,400 shares of treasury ntock purehased on May 10 for $58 per share. Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Common Stock, $100,000; Additional Pald-in Capital, \$4,300,000; and Retained Earnings, $1,800,000. Net income for the year ended December 31, 2024 , is $580.000 Required: Prepare the stockholders' equity section of the balance sheet for Power Drive Corporation as of December 31,2024 . (Amounts to be deducted should be indicated by a minus sign.)