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 2021. Power Drive has the following transactions affecting stockholders' equity in 2021. March 1 Tess 48,000 additional shares of $1 par value common stock for $45 per share 10 Purchases 4,300 shares of treasury stock for $48 per share. 1 Declares cash dividend of $1.15 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 2,150 shares of treasury stock purchased on May 10 for $53 per share. Book Hint Required: Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) References View transaction list Journal entry worksheet 2 3 4 5 Record the issuance of 48,000 additional shares of $1 par value common stock for $45 per share Note: Enter debts before credits General Journal Debit Credit March 01, 2021 iCash Additional Paid in Capital