Power Drive Corporation designs and produces a line of golf equlpment and golf apparel. Power Divve has to0,000 shares of common stock outstanding as of the beginning of 2024. Power Dilve has the following transactions affecting stockholders' equity in 2024. Kareh 1 tabuen 50,000 addttionn1 mharen of 91 par valoe common atook for 947 per ahare. May 10 Parehases 4,500 mharen of treasury atook tor $50 per nthare. not paid on trannury ntock-1 July 1 paye the enoh dividend declared on Sune 1. october 21 noselle 2,250 sheren of tresaury ntoek purahased on May 10 for 355 per ehare. Power Drive Corporation has the following beginning balances In its stockholders' equity accounts on January 1, 2024: Common Stock, $100,000; Additional Paid-in Capltal, \$4,000,000; and Retalned Earnings, \$1,500,000. Net Income for the year ended December 31 2024,15$550,000. Required: Prepare the stockholders' equity section of the balance sheet for Power Drlve Corporation as of December 31, 2024, (Amounts to be deducted should be Indicated by a minus sign.)