Check my work E11-16 Preparing a Statement of Retained Earnings and Partial Balance Sheet and Evaluating Dividend Policy [LO 11-3, LO 11-5) The following account balances were selected from the records of beverage maker Blake Corporation at December 31 after all adjusting entries were completed: 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 (,100 shares) $630,000 187,000 35,000 83,000 22,000 es 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 Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Req 3 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 Req 1A Req 1B Complete this question by entering your answers in the tabs below Req 1A Req 1B Req 2 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 Total Total Stockholders' Equity ces Complete this question by entering your answers in the tabs below Req 3 Req 1A Determine the number of shares of stock that received dividends Number of Shares Req 1B Req 2 Req 1B Req 3> int year ences Complete this question by entering your answers in the tabs below Req 1A Req 1B Req 2 Req 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 Req 2 Reg 3