stock outstanding as of the beginning of 2024. Power Drlve has the following transactions affecting stockholders' equity in 2024. Mesch 1 Iarues 55,000 additiosal shares of $1 par valoe comon intock for $52 per share. May 10 Purchabes 5 , 000 ahares of treasury stoek tor $55 per share. June 1 Deelares a eash dividend of $1.50 per share to all stockholders of record on Juhe 15 . (firinti Dividends are not pald on treasary stock, ) July 1 Peye the cask dividend declared on June 1. Detober 21 Resells 2,500 ahares of treasury stock purchased on May 10 for $60 per ahare. Power Orive Corporation has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Common Stock, $100,000; Additional Paid.in Capital, \$4,500,000; and Retained Earnings, \$2,000,000. Net Income for the year ended December 31, 2024, is $600,000 Required: Prepare the statement of stockholders' equity for Power Drive Corporation for the year ended December 31, 2024, (Amounts to be deducted should be indicated by a minus sign.) stock outstanding as of the beginning of 2024. Power Drlve has the following transactions affecting stockholders' equity in 2024. Mesch 1 Iarues 55,000 additiosal shares of $1 par valoe comon intock for $52 per share. May 10 Purchabes 5 , 000 ahares of treasury stoek tor $55 per share. June 1 Deelares a eash dividend of $1.50 per share to all stockholders of record on Juhe 15 . (firinti Dividends are not pald on treasary stock, ) July 1 Peye the cask dividend declared on June 1. Detober 21 Resells 2,500 ahares of treasury stock purchased on May 10 for $60 per ahare. Power Orive Corporation has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Common Stock, $100,000; Additional Paid.in Capital, \$4,500,000; and Retained Earnings, \$2,000,000. Net Income for the year ended December 31, 2024, is $600,000 Required: Prepare the statement of stockholders' equity for Power Drive Corporation for the year ended December 31, 2024, (Amounts to be deducted should be indicated by a minus sign.)