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 May June July 1 Issues 55,088 additional shares of $1 par value common stock for $52 per share. 10 Purchases 5,000 shares of treasury stock for $55 per share. 1 Declares a cash dividend of $1.50 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) 1 Pays the cash dividend declared on June 1. October 21 Resells 2,500 shares of treasury stock purchased on May 18 for $60 per share. Required: Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) No Date 1 March 01, 2021 Cash Common Stock 2 May 10, 2021 Treasury Stock Cash 3 June 01, 20211 Dividends Dividends Payable 4 July 01, 2021 Dividends Payable Cash Answer is not complete. General Journal Debit Credit 2,860,000 55,000 ( 2,805,000 ( 275,000 275,000 ( 00 00 75,000 75,000 75,000 75,000