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 $49,000$ additional shares of $$1$ par value common stock for $$46$ per share.

May $10$ Purchases $4,400$ shares of treasury stock for $$49$ per share.

June $1$ Declares a cash dividend of $$1\mathrm{.}20$ 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 $21$ Resells $2,200$ shares of treasury stock purchased on May $10$ for $$54$ per share.

Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January $1,2024$: Common Stock, $$100,000$; Additional Paid$-$in Capital, $$3,900,000$; and Retained Earnings, $$1,400,000.$ Net income for the year ended December $31,2024,$ is $$540,000.$