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 64,000 additional shares of $1 par value common stock for $61 per share. May 10 Purchases 5,900 shares of treasury stock for $64 per share. June 1 Deelaren a cash dividend of $1.95 per share to al1 stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) July 1 Payn the caah dividend declared on June 1. october 21 Resella 2,950 shares of treasury stock purehaved on May 10 for $69 per ahare. 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, \$5,400,000; and Retained Earnings, $2,900,000. Net income for the year ended December 31, 2024, is $690,000 Required: Prepare the statement of stockholders' equity for Power Drive Corporation for the year ended December 31, 2024. (Amounts to be deducted should be indicated by a minus sign.)