P11-10 (Algo) Preparing the Stockholders' Equity Section of the Balance Sheet and Evaluating Dividend Policy LO-11-1,11-3,11-4,11-5, 11-7 The following information was extracted from the records of Cascade Company at the end of the fiscal year after all adjusting entries were completed: Common stock ($0.01 par value; 350,000 shares authorized, 61,500 shares issued, 59,500 shares outstanding) Additional paid-in capital Dividends declared and paid during the year Retained earnings at the end of the year Treasury stock at cost (2,000 shares) $ 615 471,000 29,500 327,000 (22,500) Net income for the year was $102,500. The stock price is currently $10 per share. Required: 1. Prepare the stockholders' equity section of the balance sheet at the end of the fiscal year, 2. Compute the dividend yield ratio. Determine the number of shares of stock that received dividends. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 1 Required 2 Prepare the stockholders' equity section of the balance sheet at the end of the fiscal year. (Amounts to be deducted should be indicated with a minus sign.) Cascade Company Balance Sheet (Partial) At December 31, Current Year Stockholders' equity: Contributed capital: Total contributed capital Total contributed capital and retained earnings Total stockholders' equity Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the dividend yield ratio. Determine the number of shares of stock that received dividends. (Round Dividend yield ratio to 2 decimal places.) Dividend yield ratio % Number of shares Required 1 Required 2