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 57,000 additional shares of $1 par value common stock for $54 per share. 10 Purchases 5,200 shares of treasury stock for $57 per share. 1 Declares a cash dividend of $1.60 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 2,600 shares of treasury stock purchased on May 10 for $62 per share. May June 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.) View transaction list Journal entry worksheet 1 2 3 Note: Enter debits before credits Date March 01, 2021 Record the issuance of 57,000 additional shares of $1 par value common stock for $54 per share.. Record entry 4 5 General Journal Clear entry Debit Credit View general journal Journal entry worksheet