he following account balances were selected from the records of beverage maker Blake Corporation at Decen adjusting entries were completed Common stock (par $15; authorized 100,000 shares, issued 41,000 shares, of which 1,000 shares are held as treasury stock) Additional paid-in capital-common stock Dividends Retained earnings, beginning of year Treasury stock at cost (1,000 shares) $615,0060 186,000 34,000 82,000 20,000 Net income for the year was $57,000 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 $635,000 on Decembe year. 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 $82,000 Add: Net Income 34,000 $ 48,000 Less: Dividends Retained Earnings, December 31 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 1ee,900 shares, issued 41,e00 shares, of which 1,000 shares are held as treasury stock) Additional paid-in capital-common stock Dividends Retained earnings, beginning of year Treasury stock at cost (1,000 shares) $615,e0e 186,00e 34,000 82,000 20,00e Net income for the year was $57,000 Required: -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 $635,000 on December 31 of the prev year 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 Common Stock Additional Paid-In Capital, Common Stock Treasury Stock Total Contributed Capital reasury Stock Additional Paid-In Capital, Treasury Stock Total Less: Treasury Stock, at cost Total Stockholders' Equity 0 0 Req1A Req2>