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 $65,000$ additional shares of $$1$ par value common stock for $$62$ per share.

May. $10$ Purchases $6,000$ shares of treasury stock for $$65$ per share.

June $1$ Declares a cash dividend of $$2\mathrm{.}00$ 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 $21$ Resells $3,000$ shares of treasury stack purchased on May $10$ for $$70$ per share.