help prepare a balance sheet

Exercise 10-14 (Algo) Prepare the stockholders' equity section of the balance sheet (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 2024 . Power Drive has the following transactions affecting stockholders' equity in 2024. March 1 Issues 62 , 6e0 additional shares of $1 par value connon stock for $59 per share. Nay 10 Purchases 5,760 shares of treasury stock for $62 per share. June 1 Declares a cash dividend of $1.85 per share to al1 stockholders of recond on June 15. (Hint: Dividends are not paid on treasury stock.) July 1 pays the cash dividend declared on June 1. October 21 Resells 2,850 shares of treasury stock purchased on May 10 for $67 per share. Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Common Stock, $100,000; Additional Paid-in Capital, $5,200,000; and Retained Earnings, $2,700,000. Net income for the year ended December 31, 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.) POWER DRIVE CORPORATION Balance Sheet (Stockholders' Equity Section) December 31, 2024 \begin{tabular}{|l|l|} \hline Stockholders' Equity: & \\ \hline & \\ \hline & \\ \hline & \\ \hline Total Paid-in Capital & \\ \hline & \\ \hline & \\ \hline & \\ \hline Total Stockholders' Equity & $ \\ \hline \end{tabular}