Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding and 5000 shares of preferred stock outstanding as of the beginning of 2018. Power Drive has the following transactions affecting stockholders' equity in 2018. March 1 Issues 65,000 additional shares of $1 par value common stock for $62 per share. May 10 Repurchases 6.000 shares of treasury stock for $65 per share May 21 Reissues 3,000 shares of treasury stock purchased on May 10 for $70 per share. May 28 Issued 300 shares of preferred stock par value $50 8% for $ 85 per share. June 1 Declares a cash dividend of $2.00 per Share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) July Pays the cash dividend declared on June 1. REQUIRED PART 1 Journalize the transactions listed above GENERAL JOURNAL PAGE 1 DATE DESCRIPTION ROSS DEBUT CREDIT