Power Drive Corporation deugns and produces a line of golf equipment and golf apparel Power Drive hos 100,000 shares of common stock outstanding as of the beginning of 2021 Power Drive has the following transactions affecting stockholders' equity in 2021 Parch 1 Issues 65,000 additional shares of $1 par value common stock for $62 per share 10 Purchases 6,000 shares of treasury stock for $65 per share June 1 Declares con dividend of $2.00 per share to all stockholders of record on June 15. Mint: olvidends are not paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. October 21 Resells 3,000 shares of treasury stock purchased on May 10 for $70 per share Hey Power Drive Corporation has the following beginning balonces in its stockholders' equity accounts on January 1 2021 Common Stock $100.000 Additional Paid-in Capital $5,500,000 and Retained Earnings $3,000,000 Not income for the year ended December 31 2021, is $700,000 Required: Prepare the statement of stockholders' equity for Power Drive Corporation for the year ended December 31, 2021 (Amounts to be deducted should be indicated by a minus sign.) POWER DRIVE CORPORATION Statement of Stockholders' Equity For the Year Ended December 31, 2021 Total Additional Retained Common Stock Paid in Capital Earninga Treasury Stock Stockholders Equity $ 100,000 $ 5,500,000 $3,000,000 $ 05 8.000.000 Balance, January 1 Issue common stock Purchase treasury stock Declare dividends Resell treasury stock Not income Balance December 31 $ 100.000 5500,000 3.000.000 05 8,600.000