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 Issue 40,000 additional shares of 51 per value common stock for $45 per share. , 10 Purchases 4,300 shares of treasury stock for 545 per shart June 1 Declares a cash dividend of $1.15 per share to 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 Heuells 3,150 shares of treasury stock purchased on May 19 for $5) per share Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January 1, 2021 Common Stock, $100.000 Additional Paid in Capital, $3,800,000, and Retained Earnings, $1,300,000 Net Income for the year ended December 31, 2021, is $530,000 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 Statement of Stockholders' Equity For the Year Ended December 31, 2021 Common Stock Total Additional Retained Pald-in Capital Earning Treasury Stock Stockholders Equity Balance, January 1 S 100.000 5 3.800.000 1.300.000 5 015 5.200,000 Issue common stock Purchase treasury stock Decare dividende Resell treasury stock Net income Balance December 31 100,000 3,800,000 5.200.000 5 1.300.000 05