Power Drive Corporation designs and produces a line of golf equipment and golf apparel Power Drive has h00.000 shares of common stock outstanding as of the beginning of 2021. Power Drive has the following transactions affecting stockholders' equity in 2021 March 1 Issues 65,000 additiona2 shares of $1 par value comon stock for 362 per shareh May 10 Purchases 6,000 shares of treasucy stock for $65 per share. June 1 declores a cosh divioend of 52.60 per shore to all stockholders of record on jone 15. (ctints oivdends ore not paid on treasury stock.) July 1 Pays the cosh dividend declored on June 1. October 21 Resells 3,000 shares of trcasury stock purchosed on way 10 for s7e pen share. Power Drive Corporation has the following beginning balances in its stockholders equity occounts on January 1. 2021 Common Stock. $100,000; Additional Paid-in Copital, \$5,500,000; and Retained Earnings, $3,000,000. Net income for the year ended December 31 . 2021, is $700,000. Required: Prepare the stockholders' equity section of the bolance sheet for Power Drve Corporotion as of Docember 31, 2021. (Amounts to be deducted should be indicated by a minus sign.)