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: Divideds 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 18 for $64 per share. Required: Record each of these transactions. Of no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list View journal entry worksheet No General Journal Debit Credit Date March 01, 2021 / 1 Cash Common Stock Additional Paid-in Capital May 10, 2021 June 01, 2021 1 1 2 3 Treasury Stock Cach Dividends Dividends Payabe 3.304,000 318.000 59.000 3,245.000 318.600 Check my work