The following account balances were selected from the records of Blake Corporation at December 31, year 2, after all adjusting entries were completed Common shares (no par value; authorized 114,000 shares, issued 35,400 shares) Contributed surplus Dividends declared in year 2 Retained earnings, January 1, year 2 Correction of prior-period accounting error (a debit, net of income tax) Income summary for 2020 (credit balance) $708,000 170,000 20,800 77,800 8,700 30,100 The stock price was $22.91 per share on that date. Required: 1. Identify the amounts that would be reported in the retained earnings column of the statement of changes in equity for year 2. Items affecting Retained Earings during year 2 Retained earnings, January 1 $ 77,800 Correction of prior-period error 8,700 69,100 Net loss for the year Total 69,100 Retained earnings, December 31 $ 69,100 2. Prepare the shareholders' equity section of the statement of financial position at December 31, year 2. BLAKE CORPORATION Contributed capital: Common shares Shareholders' Equity As at End of Year 2 $ 708,000 Contributed surplus 170,000 Dividends shares Total contributed capital $ 878,000 Total shareholders' equity $ 878,000 3. Compute and evaluate the dividend yield ratio. (Do not round intermediate calculations. Round percentage answer to 2 decimal places (ie., 0.1243 should be entered as 12.43).) Dividend yield ratio %