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Exercise 10-12A Prepare a statement of stockholders' equity (LO10-7) 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 2021. Power Drive has the following transactions affecting stockholders' equity in 2021. March 111 Issues 46,060 additional shares of $1 par vatue coson stock for $43 per share. May 16 Purchases 4,100 shares of treasury stock for $46 per share. June 1 Dectares a cash dividend of \$1.05 per share to ath stockholders of record on June 15. (Hint; oividends are 3uly 1 Pays the cash dividend declared on June 1. October 21 Reselts 2,050 shares of treasury stock purchased on May 10 for 551 per share. Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January 1,2021: Common Stock, $100,000; Additional Paid-in Capital, $3,600,000; and Retained Earnings, $1,100,000. Net income for the year ended December 31 , 2021 is $510,000. Required: Prepare the statement of stockholders' equity for Power Drive Corporation for the year ended December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) Required: Prepare the statement of stockholders' equity for Power Drive Corporation for the year ended December 31, 2021, (Amounts to be deducted should be indicated by a minus sign.)