Power Drive Corporation designs and produces a line of golf equipment and gosf apparel. Power Dilve has 100,000 shares of common stock outstanding as of the beginning of 2024. Power Drive has the following transoctions affecting stockholders' equity in 2024. March 1 Iscues 62,000 dditional shares of $1 par value connon stock for $59 per share. May 10 Purchases 5 , jee shares of treasury steck for 362 per share. hune 1 Declares a cash dividend of $1.35 per sharestall stockholitera of record on June 15. (Hist Dividends are not paid on Tuly t treasury stork. July: : Pays the casl dividend declared on June 1. Octotier 21 hexelis 2,650 shares af treatury steck purchased on May 10 for $67 per share; Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on lanuary 1, 2024: Common Stock, $100.000 ; Additional Paid-in Capial, \$5,200,000; and Retained Earnings, $2 , 700 , 000 . Net income for the year ended December 3 , 2024, is $670 , 000 Required: Prepare the stockholders' 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.) \begin{tabular}{|} POWER DRIVE CORPORATION \\ Balance Sheet \\ (Stockholders' Equity Section) \\ December 31, 2024 \\ \hline Stockholders' Equity: \\ \hline Total Paid-in Capital \\ \hline Total Stockholders' Equity \\ \hline \end{tabular}