Answer and Explanation:
The Preparation of statement of stockholders’ equity is shown below:-
                   <u> Statement of Stockholder's Equity</u>
<u>                          Power Drive Corporation</u>
<u>                For the year ended December 31, 2018</u>
<u>Particulars      Common   Additional    Retained   Treasury   Total</u>
<u>                           stock        paid in          Earning       Stock    Stockholder</u>
<u>                                            capital                                                equity</u>
Jan 1 Balance  100,000  $4,800,000 $2,300,000   0       $7,200,000
Issued common 
stock                58,000    $3,132,000      0                 0       $3,190,000
                  (58,000 × $1) (58,000 × $54)
Purchase treasury 
stock                                                                    -$307,400 -$307,400
                                                                                (5,300 × $58)
Dividends                                              -$251,955                -$251,955
                                         ((100,000 + 58,000 - 5,300) × $1.65)
Sale of Treasury
stock                                  $13,250                       $153,700   $166,950
                                       (2,650 × $5)                   (2,650 × $58)
Net Income                                              $630,000                $630,000
Balance,
December
31            158,000    $7,945,250   $2,678,045  -$153,700 $10,627,595
Total Stockholder's equity  is 
= Common stock + Additional paid in capital + Retained earnings - Treasury stock
= 158,000  + $7,945,250  + $2,678,045  - $153,700
= $10,627,595