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 1 Issues 51,000 additional shares of $1 par value common stock for $48 per share May 10 Purchases 4,600 shares of treasury stack for 351 per share June 1 Declares a cash dividend of $1.30 per share to 11 stockholders of record on June 15.WE Dividends are not paid on treasury stock) July 1 Pays the cash dividend declared on June 1 October 21 Resells 2,300 shares of treasury stock purchased on May 10 for $56 per share Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January 1, 2021. Common Stock, $100.000. Additional Pald-in Capital, $4100,000 and Retained Earnings $1.600.000. Net Income for the year ended December 31, 2021, is $560,000. 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 5tatement of Stockholders'Equity For the Year Ended December 31, 2021 Common Stock Additional Pald-in Capital Retained Earnings Treasury Stock Total Stockholders Equity 3 5.800,000 5 100,000 s 4.100.000 5 1.800.000 5 0 Balance January 1 Issue common stock Purchase treasury stock Declare dividends Rese treasury stock Not income Salance December 31 5 100.000 4.100.000 1.000.000 5.800,000