Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shates of common stock outstanding as of the beginning of 2024 . Power Drive has the following transactions affecting stockholders' equity in 2024 . Mareh 1 Iswuen 63,000 additional aharen of $1 par value compon atock tor $60 per share. May 10 Purchases 5,800 mares of treanury atock tor $63 per ahare. June 1 Declaren a cash dividend of $1.90 per ahare to all atockholders of record on June 15. (Hintt Dividends are not paid on treastury stoek.) July 1 Pays the cash dividend declared on Jase 1. Getoben 21 Resella 2,900 shares of treasury atoek parchnsed on May 10 for $68 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, \$5,300,000; and Retained Eamings, $2,800,000. Net income for the year ended December 31, 2024, is $680,000 Required: Prepare the stockholders' equity section of the balance sheet for Power Drive Corporation as of December 31, 2024. (Amounts to be deducted should be indicated by a minus sign.)