Power Drive Corporation designs and produces a line of got equipment and golr apparek Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2018. Power Drive has the following transactions affecting stockholders equity in 2018 March 1 Issues 65,000 additonal shares of $1 par value common stock for $62 per share May 10 Repurchases 6,000 shares of treasury stock for $65 per share Jurve 1 Pnc ie asceokesolewrs of record on June 15, Otent oenas r not pid on tresuy sck October 21 Reissues 3,000 shares of treasury stock purchased on May 10 for STO per share Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January 1, 2018: Common Stock, $100,000, Aditional Paid-in Capital, $5.500,000, and Retained Earnings, $3,000,000. Net income for the year ended December 31, 2018, is $700,000 Required: Prepare the stockholders" equity section of the balance sheet for Power Drive Corporation as of December 31.2018 (Amounts to be deducted should be indicated by a minus sign.) Balance Sheet (Stockholders' Equity Section) December 31, 2018 Total paid-in capital Total stockholders' equity