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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
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 2021 Power Drive has the following transactions affecting stockholders' equity in 2021 March Issues 58.000 additional shares of 51 par value on stock for 547 per share May 10 Purchases 45ee shares of treasury stock for 55e per share ure 1 Declares .cash dividend of $1.25 per Share to all stockholder of record on June 15. mit Dividends are not paid treasury stock July 1 Ways the cand declared on June 1 oct 11 Resells 2,250 shares of treasury stack purchased on May 10 for 555 per share Power Drive Corporation has the following beginning balances in its stockholders equity accounts on January 1 2021 Common Stock S100.000 Additional Paid in Capital $4.000.000, and Retained Earnings $1500.000 Netancome for the year ended December 31 2021, 5550.000 Required: Prepare the statement of stockholders' equity for Power Drive Corporation for the year ended December 31, 2021 (Amounts to be deducted should be indicated by a minus sign.) POWER DRIVE CORPORATION Statement of Stockholders' Equity For the Year Ended December 31, 2021 Additional Retained Common Stock Paldin Capital Earning $ 100,000 $ 1000000 1 500.000 Treasury Stock Total Stockholders Equity 5 5600,000 Bwance 1 is common stack Purchase trasury stock Decare dividende Restruly stock Neticam Balance December 31 $ 100.000 2.000.000 1.500.000 03 5.600 000
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