Chapter 11 Homework Sare Help Save & Exit Submit Check my work 3 The following account balances were selected from the records of beverage maker Blake Corporation st December 31 after all adjusting entries were completed: 3 points Cornun stock (per $15; authorized 189,888 shares, issued 42,890 shares, of which 1,108 shares are held as treasury stock) Additional paid-in capital-cornan stack Dividends Retained earnings, beginning of year Treasury stack at cost (1,100 shares) $630, na 187,104 35,383 83.392 22,00 04 Hin Net Income for the year was $58,500. Required: DINI 1-a. Prepare the statement of retained earnings for the year ended December 31 1-5. 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 Complete this question by entering your answers in the tabs below. RAGA Reg 18 Rec? Req3 Prepare the statement or 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 Req1A Reg 1B > Chapter 11 Homicwork SAN Help Save & Exit Submit Check my work 3 Connon stock Ipar $15; authorized 189,080 shares, issued 42,00 shares, of which 1,100 shares are held as treasury stock) Additional paid in capital catnon stock Dividends Retained eamings, beginning of year Treasury stork at enst (1,180 shares) 5638,809 187,808 35,808 83, 808 22,00 3 points Not incornic for the year was $58,500. cBook Required: Hint 1-a. Prepare the statement of retained carnings for the year ended December 31, 1-6. 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, assurning total stockholders' equity was 5636,000 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 Req3 Prepare the stockholders' equity section of the balance sheet at December 31. (Amounts to be deducted should be indicated by e minus sign. BLAKE CORPORATION Balance Sheet (Excerpt) At December 31 Stockholders' Equity Con tuto Capital: Total Contributed Capital 0 Toll Total Stockholders Equity $ 0 Chepter 11 Homework Swwal Help Save & Exit Submit Check my work 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 balnis Coron stock (por $15; authorized 100, shares, issued 42,896 shares, of which 1,108 shares are held as Treasury stock) Additional paid-in capital-corner stock Retained earnings, beginning af year Treasury stock et cost 11,160 shares) Dividends S638,80 187,808 35,808 83, Hox 22,808 cEcck Net income for the year was $58,500. HOL 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. Complete this question by entering your answers in the tabs below. Rcg 1A Rag 1B Roga Determine the number of shares af stock that received dividends. Number of Sharus Chapter 11 Homework i Sowed Help Save & Exit Submit Check my work 3 The following eccount balances were selected from the records of beverage maker Blake Corporation et December 31 after all adjusting entries were completed: points Common stock (par $15; authurizec 180,868 shares, issued 42,696 shares, of which 1,198 shares are held as treasury stock) Mditionat paid-in capital-cornon stock Retained earnings, beginning of year Treasury stock at cost (1,180 shares) Dividends $63, NON 187, 800 3,804 83,899 22, RON Hint Net income for the year was $58.500 Fences 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 ycar. Complete this question by entering your answers in the tabs below. Reg 14 Rey 10 Rec 2 Req3 Compute the ROE retio 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.) ROF RAlla
