3 The following account balances were selected from the records of beverage maker Blake Corporation at December 31 after all adjusting entries were completed: points Skipped Common stock (par $15; authorized 100,000 shares, issued 42,000 shares, of which 1,100 shares are held as treasury stock) Additional paid-in capital-common stock Dividends Retained earnings, beginning of year Treasury stock at cost (1,100 shares) $630,000 187, eee 35,000 83.ee 22.000 eBook Hint Net income for the year was $58,500. Required: 1-a. Prepare the statement of retained earnings for the year ended December 31. 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 $636,000 on December 31 of the previous year References Complete this question by entering your answers in the tabs below. Reg 1A Req 18 Reg 2 Req3 Prepare the statement of retained earnings for the year ended December 31. BLAKE CORPORATION Statement of Retained Earnings For the Year Ended December 31 Retained Earnings, January 1 Retained Earnings, December 31 $ 0 Reg 1 Reg 18 > 3 points authorized 100,000 shares, issued 42,000 shares, of which 1,1ee shares are held as treasury stock) Additional paid-in capital-common stock Dividends Retained earnings, beginning of year Treasury stock at cost (1,100 shares) $630,880 187,000 35,000 83,000 22,000 Skipped eBook Net income for the year was $58,500. Required: 1-a. Prepare the statement of retained earnings for the year ended December 31. 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 $636,000 on December 31 of the previou year. Hint . References Complete this question by entering your answers in the tabs below. Req 1A Reg 2 Reg 1B Req 3 Prepare the stockholders' equity section of the balance sheet at December 31. (Amounts to be deducted should be indicated by a minus sign.) BLAKE CORPORATION Balance Sheet (Excerpt) At December 31 Stockholders' Equity Contributed Capital: Total Contributed Capital 0 Total 0 Total Stockholders' Equity $ 0 RELIA Ren2 3 The following account balances were selected from the records of beverage maker Blake Corporation at December 31 after all adjusting entries were completed: 3 points Shipped Common stock (par $15: authorized 100,000 shares, issued 42,000 shares, of which 1,100 shares are held as treasury stock) Additional paid-in capital-common stock Dividends Retained earnings, beginning of year Treasury stock at cost (1,100 shares) $630,000 187,000 35,000 83,000 22,000 eBook Hint Net income for the year was $58,500. Required: 1-a. Prepare the statement of retained earnings for the year ended December 31. 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 $636,000 on December 31 of the previous References year Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Reg 2 Req3 Determine the number of shares of stock that received dividends. Number of Shares Reg 16 Reg 3 > 3 The following account balances were selected from the records of beverage maker Blake Corporation at December 31 after all adjusting entries were completed: 3 points Skipped Common stock (par $15; authorized 100,000 shares, issued 42,000 shares, of which 1,100 shares are held as treasury stock) Additional paid-in capital-connon stock Dividends Retained earnings, beginning of year Treasury stock at cost (1,100 shares) $630, eee 187, eee 35,000 83,000 22,000 eBook Hint . Net income for the year was $58,500. Required: 1-a. Prepare the statement of retained earnings for the year ended December 31. 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 $636,000 on December 31 of the previous year. References Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2 Reg 3 Compute the ROE ratio for the current year, assuming total stockholders' equity was $636,000 on December 31 of the previous year. (Round your answer to 1 decimal place.) ROE Ratio %