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 52.000 additional shares of $1 par valve connon stock for 549 per share. May 10 Purchases 4.700 shares of treasury stock for $52 per share. June 1 Declares a cash dividend of 51.35 per Share to all stockholders of record on June 15. (Nine: Dividends are July 1 Pays the cash dividend declared on June 1. October 2i Resells 2,350 shares of treasury stock purchased on May 10 for $57 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, $4,200,000, and Retoined Earnings, $1.700,000. Net income for the year ended December 31 2021, is $570,000 Required: deducted should be indicated by a minus sign.) Prepare the statement of stockholders equity for Power Drive Corporation for the year ended December 31, 2021 (Amounts to be POWER DRIVE CORPORATION Statement of Stockholders' Equity For the Year Ended December 31, 2021 Additional Total Retained Common Stock Paid in Capital Treasury Stock Stockholders Earnings Equity 5 100.000 $ 4.200,000 1.700.000 5 $ 6.000.000 Balance, ruky I coon stock Purchase treasury stock Declare dividends Reseltrasury stock Net income Balance December 31 5 100.000 4,200.000 1,700.000 os 6.000.000 So se Du SV $ % & 7 2 3 4 5 6 8 9 0 W E R T Y U 0 S D F G H J L