Common stock (par $15; authorized 100,000 shares, issued 39,000 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) $585,000 184,800 32,000 80,000 22,800 Net Income for the year was $54,000 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 $633,000 on December 31 of the previous year Net income for the year was $54,000. 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 $633,000 on December 31 of the previous year. 32 Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B 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 BA Reg 10 > 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 $633,000 on December 31 of the previous year. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Reg 2 Reg 3 Prepare the stockholders' equity section of the balance sheet at December 31. (Amounts to be deducted should be indicated by a minus sign.) BLATE CORPORATION Balance Sheet (Excerpt) At December 31 Stockholders' Equity Contributed Capital: Total Contributed Capital 0 Total Total Stockholders' Equity $ 0