Power Orive Corpotation designs and produces a 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. not naid on treastiry stoek:i Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January 1,2024: Common Stock, $100,000; Additional Paid-in Capital, \$4,100,000; and Retained Earnings, \$1,600,000, Not income for the year ended December 31, zond, esero, e00. Required: Prepare the statement of stockholders' equity for Power Desve Corporation for the year ended December 31, 2024, (A.mounts to be doductid should be indicated by a minus sign.) \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ POWER DRIVE CORPORATION } \\ \hline \multicolumn{7}{|c|}{ Statement of Stockholders' Equity } \\ \hline \multicolumn{7}{|c|}{ - For the Year Endod December 31, 2024} \\ \hline & \multicolumn{2}{|c|}{ Common Stock } & \begin{tabular}{l} Additional \\ Paid-In Capital \end{tabular} & \begin{tabular}{l} Retained \\ Earnings \end{tabular} & Treasury Stock & \begin{tabular}{c} Total \\ Stockholders: \\ Eqully \end{tabular} \\ \hline Balance, January 1 & $ & 100,000 & $4,100,000 & $1,600,000 & $ & 5,800,000 \\ \hline Issue common stock & & & & is & & \\ \hline \multicolumn{7}{|l|}{ Purchase treasury stock } \\ \hline \multicolumn{7}{|l|}{ Declare dividends } \\ \hline \multicolumn{7}{|l|}{ Payment of cash dividends } \\ \hline \multicolumn{7}{|l|}{ Resell treasury stock } \\ \hline \multicolumn{7}{|l|}{ Net income } \\ \hline Batance, December 31 & & & & & & \\ \hline \end{tabular}