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The following account balances were selected from the records of Blake Corporation at December 31 , year 2 , after all adjusting entries were completed:
The following account balances were selected from the records of Blake Corporation at December 31 , year 2 , after all adjusting entries were completed: The stock price was $22.99 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 . 2. Prepare the shareholders' equity section of the statement of financial position at December 31 , year 2 . 2. Prepare the shareholders' equity section of the statement of financial position at December 31 , year 2. 3. Compute and evaluate the dividend yield ratio. (Do not round intermediate calculations. Round percentage answer to 2 decimal places (i.e., 0.1243 should be entered as 12.43).)
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