he 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$)$ $ $630,000$

Additional paid$-$in capital$$common stock $187,000$

Dividends $35,000$

Retained earnings, beginning of year $83,000$

Treasury stock at cost $(1,100$ shares$)22,000$

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 year.