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 2018. Power Drive has the following transactions affecting stockholders' equity in 2018 March 1 Issues 45,000 additional shares of $1 par value common stock for $42 per share May 10 Repurchases 4,000 shares of treasury stock for $45 per share June 1 Declares a cash dividend of $1.00 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 October 21 Reissues 2,000 shares of treasury stock purchased on May 10 for $50 per share Required Record each of these transactions. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet Credit Date March 0, Cash 0 General Journal Debit 1,890,000 2018 45,000 1,845,000 Common stock Additional paid-in capital 2 May 10, 2018 Treasury stock 180,000 Cash 180,000 3 June 01, 2018 Dividends Dividends payable 4 July 01, 2018 Diviends payable Cash October 21 2018 Cash Treasury stock Additional paid-in capital