Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has shares of common stock outstanding as of the beginning of Power Drive has the following transactions affecting stockholders' equity in eBookHintAskPrintReferencesPower Drive Corporation has the following beginning balances in its stockholders' equity accounts on January : Common Stock, $; Additional Paidin Capital, $; and Retained Earnings, $ Net income for the year ended December is $
Required:
Prepare the stockholders' equity section of the balance sheet for Power Drive Corporation as of December Amounts to be deducted should be indicated by a minus sign.
tablePOWER DRIVE CORPORATIONBalance Sheet,December Stockholders Equity:,$