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 May March 1 Issues 54,000 additional shares of $1 par value common stock for $51 per share. 10 Purchases 4.900 shares of treasury stock for $54 per share. June 1 Declares a cash dividend of $1.45 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 2,450 shares of treasury stock purchased on May 10 for $59 per share. Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Common Stock $100,000; Additional Paid-in Capital, $4,400,000; and Retained Earnings. $1,900,000. Net Income for the year ended December 31, 2021, is $590,000 Required: Prepare the stockholders' equity section of the balance sheet for Power Drive Corporation as of December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) POWER DRIVE CORPORATION Balance Sheet (Stockholders' Equity Section) December 31, 2021 Stockholders' Equity: Total Paid-in Capital Total Stockholders' Equity Required information The following information applies to the questions displayed below.] Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2021, 360 shares of preferred stock and 4,600 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021: Mareh 1 tasue 1, 700 shares of common stock for $48 per share. May 15 Purchase 460 shares of treasury stock for $41 per share. July 10 Resell 260 shares of treasury stock purchased on May 15 for $46 per share. Oetober 15 Issue 260 shares of preferred stock for $51 per share. December 1 Declare a cash dividend on both common and preferred stock of $1.10 per Share to all stockholders of record on December 15. (Hint: Dividends are not paid on treasury stock.) December 31 Pay the cash dividends declared on December 1. Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Preferred Stock. $360: Common Stock. $46; Additional Paid-in Capital, $79,000; and Retained Earnings, $31,700. Net income for the year ended December 31, 2021, is $12,000. Required: 1. 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.) View transaction list Journal entry worksheet 2 3 4 5 6 7 Record the issuance of 1,700 shares of common stock for $48 per share. Note: Enter debits before credits. Date General Journal Debit Credit March 01, 2021 Record entry Clear entry View general journal Required information The following information applies to the questions displayed below.) Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2021, 360 shares of preferred stock and 4,600 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021 March 1 Tage 1,700 shares of common stock for $48 per share. May 15 Purchase 460 shares of treasury stock for $41 per share. July 10 Resell 260 shares of treasury stock purchased on May 15 for $46 per share. October 15 Tasue 260 shares of preferred stock for $51 per share. December 1 Declare a cash dividend on both common and preferred stock of $1.10 per share to all stockholders of record on December 15. (Hint: Dividends are not paid on treasury stock.) December 31 Pay the cash dividends declared on December 1. Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Preferred Stock, $360, Common Stock, $46; Additional Paid-in Capital, $79,000, and Retained Earnings, $31.700. Net Income for the year ended December 31, 2021, is $12,000. Required: 1. 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.) View transaction list Journal entry worksheet 3 4 5 6 7 Record the purchase of 460 shares of treasury stock for $41 per share. Note: Enter debits before credits General Journal Debit Credit Date May 15, 2021 Record entry Clear entry View general journal Required information The following information applies to the questions displayed below) Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2021, 360 shares of preferred stock and 4,600 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021 March 1 Issue 1.700 shares of common stock for $48 per share. 15 Parehase 460 shares of treasury stock for $41 per share. 10 Resell 260 shares of treasury stock purchased on May 15 for $46 per share. October 15 Issue 260 shares of preferred stock for $51 per share. December 1 Declare a cash dividend on both common and preferred stock of $1.10 per share to all stockholders of record on December 15. (Hint: Dividende are not paid on treasury stock.) December 31 Pay the cash dividends deelared on December 1. Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Preferred Stock. $360: Common Stock, $46: Additional Paid-in Capital, $79,000, and Retained Earnings. $31700. Net Income for the year ended December 31, 2021 is $12,000. Required: 1. 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.) View transaction list Journal entry worksheet 3 4 5 Record the resell 260 shares of treasury stock purchased on May 15 for 546 per share. Note: Enter debits before credits. General Credit July 10, 2021 III Record entry Clear entry View general journal Required information (The following information applies to the questions displayed below.) Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2021, 360 shares of preferred stock and 4,600 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021 March 1 Issue 1,700 shares of common stock for $4B per share. May 15 Purchase 460 shares of treasury stock for $41 per share. 10 Resell 260 shares of treasury stock purchased on May 15 for $46 per share. October 15 Issue 260 shares of preferred stock for $51 per share. December 1 Declare a cash dividend on both common and preferred stock of $1.10 per share to all stockholders of record on December 15. (Hint: Dividends are not paid on treasury stock.) December 31 Pay the cash dividende declared on December 1. Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Preferred Stock, $360, Common Stock, $46: Additional Paid-in Capital, $79,000, and Retained Earnings, $31.700. Net income for the year ended December 31, 2021, is $12,000. Required: 1. 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.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 Record the issuance of 260 shares of preferred stock for $51 per share. Note: Enter debits before credits General Journal Debit Credit Date October 15, 2021 Record entry Clear entry View general journal Required information The following information applies to the questions displayed below.) Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common, As of the beginning of 2021, 360 shares of preferred stock and 4,600 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021: March 1 Issue 1,700 shares of common stock for $48 per share. May 15 Purchase 460 shares of treasury stock for $41 per share. July 10 Resell 260 shares of treasury stock purchased on May 15 for $46 per share October 15 Issue 260 shares of preferred stock for $51 per share. December 1 Declare a cash dividend on both common and preferred stock of $1.10 per share to a stockholders of record on December 15. (Nint Dividends are not paid on treasury stock December 31 Pay the cash dividends declared on December 1. Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Preferred Stock, $360, Common Stock, $46; Additional Paid-in Capital, $79,000; and Retained Earnings, $31,700. Net income for the year ended December 31, 2021, is $12,000. Required: 1. Record each of these transactions. (If no entry is required for a pa the first account field.) ction/everk, select "No Journal Entry Required" in View transaction list Journal entry worksheet