Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has shares of common stock outstanding as of the beginning of Power Drive has the following transactions affecting stockholders\' equity in

March Issues additional shares of $ par value common stock for $ per share.

May Purchases shares of treasury stock for $ per share.

June Declares a cash dividend of $ per share to all stockholders of record on June Hint: Dividends are not paid on treasury stock.

July Pays the cash dividend declared on June

October Resells shares of treasury stock purchased on May for $ per share.

Power Drive Corporation has the following beginning balances in its stockholders\' equity accounts on January : Common Stock, $; Additional Paidin Capital, $; and Retained Earnings, $ Net income for the year ended December is $

Required:

Prepare the stockholders\' equity section of the balance sheet for Power Drive Corporation as of December Amounts to be deducted should be indicated by a minus sign.