The 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 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) $615,000 186,000 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 December 31 of the previous year. Req 1A Req 1B Req 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 $ 82,000 Add: Net Income Less: Dividends Retained Earnings, December 31 $ 82,000 Req 1A Req 1B Req 2 Req3 Prepare the stockholders' equity section of the balance sheet a by a minus sign.) BLAKE CORPORATION Balance Sheet (Excerpt) At December 31 Stockholders' Equity Contributed Capital: Common Stock Additional Paid-In Capital, Common Stock Total Contributed Capital Retained Earnings Total Less: Treasury Stock, at cost Total Stockholders' Equity Complete this question by entering your answers in the tabs below. Reg 1A Req 1B Req 2 Req3 Determine the number of shares of stock that received dividends. Number of Shares Req 1A Req 1B Req 2 Reg 3 Compute the ROE ratio for the current year, assuming total stockho previous year. (Round your answer to 1 decimal place.) ROE Ratio