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 59,000 additional shares of $1 par value common stock for $56 per share. May 10 porchanes 5,400 sharen of treasury stock for $59 per ahare. June 1 Declares a cash dividend of $1.70 per share to al1 gtockholders of record on June 15. (Hint; Dividends are not paid on treasury stock.) pays the cath dividend declared on June 1. october 21 reselln 2,700 aharen of treasury stock purchased on May 10 for $64 per share. Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Common Stock, $100,000 : Additional Paid-in Capital, \$4,900,000; and Retained Earnings, $2,400,000. Net income for the year ended December 31 , 2024, is $640,000 Required: Prepare the statement of stockholders' equity for Power Drive Corporation for the year ended December 31, 2024. (Amounts to be deducted should be indicated by a minus sign.)