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Return to question The following information was extracted from the records of Cascade Company at the end of the fiscal year after all adjusting entries

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Return to question 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; 360,000 shares authorized, 62,000 shares issued, 60,000 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) 620 472,000 30,000 328,000 (23,000) Net income for the year was $103,000. The stock price is currently $15 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Return to question 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. Answer is complete but not entirely correct. 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 7.50 % 60,000 (Required 1 Metriebe

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