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 Issues 59,000 additional shares of $1 par value common stock for $56 per share. May 10 Purchases 5,400 shares of treasury stock for $59 per share. June 1 Declares a cash dividend of $1.70 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 2,700 shares of treasury stock purchased on May 10 for $64 per share. 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.) Answer is not complete. No Credit Date March 01, 2021 Debit 3,304,000 1 General Journal Cash Common Stock Additional Paid-in Capital 59,000 3,245,000 May 10, 2021 318,600 Treasury Stock Cash 318,600 3 June 01, 2021 318,600 Dividends Dividends Payable 318,600 X July 01, 2021 Dividends Payable Cash October 21, 2021 Cash Treasury Stock Additional Paid-in Capital