9 value: 1.50 points The following account balances were selected from the records of beverage maker Blake Corpor December 31 after all adjusting entries were completed: Common stock (par $15; authorized 100,000 shares, issued 26,000 shares, of which 1,100 shares are held as treasury stock) Additional paid-in capital-common stock Dividends $390,000 171,000 19,000 67,000 22,000 Retained earnings, beginning of year Treasury stock at cost (1,100 shares) $34,500 Net income for the year was Required: 1-a. 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 $ 67,000 Add: Net Income 34,500 19,000 Less: Dividends Retained Earnings, December 31 82,500 1-b. 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 Total 0E Total Stockholders' Equity $ 0 2. Determine the number of shares of stock that received dividends. Number of Shares 3. Compute the ROE ratio for the current year, assuming total stockholders' equity was $620,000 on December 31 of the previous year. (Round your answer to 1 decimal place.) ROE Ratio