Power Drive Corporation designs and produces o line of golf equipment and goif apparel. Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2024 . Power Drive has the following transactions affecting stockholders' equity in 2024 March 1 Issues 47,00e odditional shares of $1 par value coenon stock for $44 per share. May 10 Purchases 4,200 shares of treasury stock for $47 per share. June 1 Declares a cash dividend of $1.10 per share to all stockhoiders of record on June 15. (Hint) Dividends are not poid on treasury stock.) Juty 1 Pays the cash dividend declared on June 1. October 21 . Feselts 2,160 shares of treasury stock purchased on May 10 for $52 per share. Power Drive Corporation has the following beginning balances in its stockholders' equaty accounts on January 1, 2024. Common Stock. $100,000; Additional Paid in Capital, $3,700,000; and Retained Earnings, \$1,200,000. Not income for the year ended December 31 , 2024, is $520,000 : Required: Prepare the stockholders' equity section of the balance sheet for Power Drwe Corporation as of December 31, 2024. (Amounts to be deducted should be indicated by a minus sign.)