The following account balances were selected from the records of Blake Corporation at December 31, 2017, after all adjusting entries were completed:

The?stock?price was?$22.63?per?share?on that?date.Required

1. Identify the amounts that would be reported in the retained earnings column of the statement of changes in equity for 2017.2. Prepare the shareholders' equity section of the statement of financial position at December 31, 2017.3. Compute and evaluate the dividend yield ratio.

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Common shares (no par value; authorized 100,000 shares, issued 34,000 shares $680,000 Contributed surplus Dividends declared in 2017 Retained earnings, January 1, 2017 Correction of prior-period accounting error (a debit, net of income tax) Income summary for 2017 (credit balance) 163,000 18,000 75,000 8,000 28,000