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 Iasues 57,000 additional shares of $1 par value comon stock for $54 per share. May 10 Purchases 5,200 shares of treasury atock for $57 per share. June 1 Declares a cash dividend of $1.60 per thare to all atockholders of record on June 15. (Hintt Dividends are not paid on treanury atock.) July 1 Pays the cash dividend deelared on June 1. October 21 Resel1" 2,600 sharen of treasury stoek purchased on May 10 for $62 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, \$4.700,000; and Retained Earnings, \$2,200,000. Net income for the year ended December 31 , 2024 , is $620.000 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.)