help !! Power Drive Corporation designs and produces a line of golf...
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Power Drive Corporation designs and produces a line of golf equipment and goit apparel. Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2024 . Power Drive has the following transactions affecting stockholders' equity in 2024 March 1 Issues 4 , 000 additional shares of $1 par value coanon stock for \$44 per share. Myy de Nurchases 4,200 shares of treasury stock for $47 per share. treasury stork.) Jaly 1 Fars the eash dividend declared on June 1. Deteber 21 Resells 2,260 shares of treasury stock purchased on Kay 10 for $52 per share. Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Common Stock. $100,000; Additional Pald in Capital, $3,700,000, and Retained Earnings, $1,200,000. Net income for the year ended December 31 . 2024 , is $520,000. Required: Piepare the stockholders' equity section of the balance sheet for Power Drive Corporation as of December 31, 2024. (Amounts to be deducted should be indicoted by o minus sign.)
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