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. 1 T 57,000 additional shares of $1 par value connon stock for $54 per share. 10 Purchases 5,200 shares of treasury stock for $57 per share. 1 Declares & cash dividend of $1.60 per share to all stockholders of record on June 15. ( Dividends are tot paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. October 21 Resells 2.600 shares of treasury stock purchased 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. 1 T 57,000 additional shares of $1 par value connon stock for $54 per share. 10 Purchases 5,200 shares of treasury stock for $57 per share. 1 Declares & cash dividend of $1.60 per share to all stockholders of record on June 15. ( Dividends are tot paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. October 21 Resells 2.600 shares of treasury stock purchased