stock outstanding as of the beginning of 2024 . Power Ditwe has the following transactions affecting stockholders equity in 2024 Harch 1 Issues 4 , eao additional shares of $1 par value comen stock for $61 per shace. hay 10 Purchases 5,906 shares of treacury stock for S64 per share. (reasucy itock.) July 1 Pays the cash dividend declared on tune 1. dectober 21 Heselis 2,950 shares of treasury steck purchased oe May 10 for 169 per share. Power Dilve Coiporation has the following beginning balances in its stockholders' equity accounts on January 1, 2024 : Coinmon Stock, $100,000. Additional Paidin Capital, \$5,400,000; and Retalned Earnings, \$2,900,000. Net income for the year ended December 31 . 2024, is $690,000. Required: Prepare the statement of stockholders' equity for Power Dilve Cotporation for the year ended Decernber 31, 2024. (Amounts to be deducted should be indicoted by a minus sign.) \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{10}{|c|}{ POWER DRIVE CORPORATION } \\ \hline \multicolumn{10}{|c|}{ Statement of Stockholders' Equity } \\ \hline \multicolumn{10}{|c|}{ For the Year Ended Dectmber 31,2024} \\ \hline & \multicolumn{2}{|c|}{ Common Stock } & \multicolumn{2}{|c|}{AdditionalPaitd-inCapital} & \multicolumn{2}{|c|}{RetainedEamings} & Treasury Stock & \multicolumn{2}{|c|}{TotalStockholdersEquity} \\ \hline Balance, January 1 & $ & 100,000 & $ & 5,400,000 & $ & 2,900,000 & 3 & 5 & 8,400,000 \\ \hline \multicolumn{10}{|l|}{ Issue common stock } \\ \hline \multicolumn{10}{|l|}{ Purchase treasury stock } \\ \hline \multicolumn{10}{|l|}{ Declare dividends } \\ \hline \multicolumn{10}{|l|}{ Payment of cash dividends } \\ \hline \multicolumn{10}{|l|}{ Resell treasury stock } \\ \hline \multicolumn{10}{|l|}{ Net income } \\ \hline Balance, December 31 & s & 100,000 & & 5,400,000 & & 2,900,000 & 0 & $ & 8,400,000 \\ \hline \end{tabular}