Power Drive Corporation designs and produces a line of golf equipment and golf apparet. 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 Issue 52,000 additional shares of $1 par value common stock for $49 per share. May 10 Purchases 4,700 shares of treasury stock for $52 per share. June I Declares a cash dividend of $1.35 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 Benelli 2,350 shares of treanury stock purchased on May 10 for $57 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 General Journal Credit Debit 2,548,000 1 March 01, 2021 Cash Common Stock 52.000 Additional Paid-in Capital 2,496,000 2 May 10, 2021 244,400 Treasury Stock Cash 244,400 3 June 01, 2021 Dividends Dividends Payable 4 July 01, 2021 Dividends Payable Cash 5 133,950 October 21, 2021 Cash Treasury Stock Additional Paid-in Capital 122 200