Blake Corporation
	The following account balances were selected from the records of Blake Corporation
	as of December 31, 2014 after all adjusting entries were completed:
		Common Stock ( par value $15; authorized 100,000 shares,
		issued 35,000 shares of which 1,000 shares are held as
		treasury stock						$525,000
		Paid in Capital in excess of par						180,000
		Dividends declared in 2014						18,000
		Dividends declared in 2013 and paid in 2014						15,000
		Retained Earnings, January 1, 2014						76,000
		Correction of a prior period accounting error (debit net of
		taxes)						8,000
		Treasury Stock						20,000
		Net income for 2014						28,000
	Instructions:The president of Blake Corporation accountant has quit and Peoples
	Consulting Firmhas been asked to prepare the statement of retained earnings and the
	stockholders' equity section of the balance sheet for the year ended December 31, 2014.