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. May 10 Purchases 6,000 shares of tred June 1 Declares a cash dividend of July 1 hot paid on treasury stock. Payn the cash dividend declare October 21 Renells 3,000 shares of treased on June 1. 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, \$5,500,000; and Retained Earnings, \$3,000,000. Net income for the year ended December 31 , 2024, is $7 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.) 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.)