The following account balances were selected from the records of beverage maker Blake Corporation at December $31$ after all

adjusting entries were completed:

Net income for the year was $$51,000.$

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 $31.$

Determine the number of shares of stock that received dividends.

Compute the ROE ratio for the current year, assuming total stockholders' equity was $$631,000$ on December $31$ of the previous

year.

Complete this question by entering your answers in the tabs below.

Req $1A$

Req $1B$

Prepare the statement of retained earnings for the year ended December $31.$