steps on how to prepare the stockholders equity section and statement of stockholders equity

Power Drive Corporation designs and produces a line of golf equipment and golf 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. Karch 1 Issues 61,000 additional shares of $1 par value common 5t tock for 358 per share. May 18 Purchnses 5,609 shares of treasury stock for $61 per ishare. June 1 Declares a cash dividend of $1. Be per share co all stockholders of record on June 15 . (Hink: Dividends are not paid on treasury stock.) July: 1 Pays the cash dividend declared on June 1 . october 21 Reselis 2,800 shares of treasury stock purchased on May 10 for 366 per share. Power Drive Corporation has the following beginning balances in its stockhoiders' equity accounts on January 1, 2024: Common Stock, $100,000 : Additional Paid-in Capital, $5,100,000; and Retained Earnings, $2,600,000. Net income for the year ended December 31,2024 , is $660,000 : Required: Prepare the stockhoiders' equity section of the balance sheet for Power Drive Corporation as of December 31, 2024. (Amounts to be deducted should be indicated by a minus sign.)