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The following account balances were selected from the records of beverage maker Blake Corporation at December 31 after all adjusting entries were completed: Common stock (par $15; authorized 100,000 shares, issued 25,000 shares, of which 1,200 shares are held as treasury stock) Additional paid-in capital-common stock Dividends Retained earnings, beginning of year Treasury stock at cost (1,200 shares) $375,000 170,000 18,000 66,000 24,000 Determine the number of shares of stock that received dividends. Number of Shares Net income for the year was $33,000 Required 1-a. Prepare the statement of retained earnings for the year ended December 31 ROE Ratico 1-b. Prepare the stockholders equity section of the balance sheet at December 31. 2. Determine the number of shares of stock that received dividends. 3. Compute the ROE ratio for the current year, assuming total stockholders' equity was $619,000 on December 31 of the previous year by a minus sign.) BLAKE CORPORATION Complete this question by entering your ans he tabs below wers in t Balance Sheet (Excerpt) Stockholders' Equity Req 1A Req 18 Req 2 Req 3 Contributed Capital Prepare the statement of retained earnings for the year ended December 31 BLAKE CORPORATION Statement of Retained Earnings For the Year Ended December 31 Total Contributed Capital Retained Earnings, January 1 Total Retained Earnings, December 31 Total Stockholders Equity

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