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 $2024.$ Power Drive has the following transactions affecting stockholders' equity in $2024.$

March $1$ Issues $59,000$ additional shares of $$1$ par value common stock for $$56$ per share.

May $10$ Purchases $5,400$ shares of treasury stock for $$59$ per share.:

June $1$ Declares a cash dividend of $$1\mathrm{.}70$ 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 $1.$

$0$ctober $21$ Resells $2,700$ shares of treasury stock purchased on May $10$ for $$64$ per share.

Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January $1,2024$: Common Stock, $$100,000$; Additional Paid$-$in Capital, $$4,900,000$; and Retained Earnings, $$2,400,000.$ Net income for the year ended December $31,2024,$ is $$640,000.$

Required:

Prepare the statement of stockholders' equity for Power Drive Corporation for the year ended December $31,2024.($Amounts to be deducted should be indicated by a minus sign.$)$

$\backslash$table$[[$POWER DRIVE CORPORATION$],[$Statement of Stockholders' Equity$],[$For the Year Ended December $31,2024],[,$Common Stock,$\backslash$table$[[$Additional$],[$Paid$-$in Capital$]],\backslash$table$[[$Retained$],[$Earnings$]],$Treasury Stock,$\backslash$table$[[$Total$],[$Stockholders$\text{'}],[$Equity$]]],[$Balance$,$ January $1,$$$,100,000,$$$,4,900,000,$$$,2,400,000,$$$,$$$,7,400,000$