shares of comm stock outstanding as of the beginning of 2024. Power Drive has the following transactions affecting stockholders' equity in 2024. March 1 Issues 54,000 additional shares of $1 par value common stock for $51 per share. Purchases 4,900 shares of treasury stock for $54 per share. Declares a cash dividend of $1.45 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. October 21 Resells 2,450 shares of treasury stock purchased on May 10 for $59 per share. May 10 June 1 Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Common Stoc $100,000; Additional Paid-in Capital, $4,400,000; and Retained Earnings, $1,900,000. Net income for the year ended December 31, 2024, is $590,000. Required: Prepare the statement of stockholders' equity for Power Drive Corporation for the year ended December 31, 2024. (Amounts to be deducted should be indicated by a minus sign.)