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 120,000 shares, issued 36,000 shares)	$	720,000
Contributed surplus		173,000
Dividends declared in year 2		22,000
Retained earnings, January 1, year 2		79,000
Correction of prior-period accounting error (a debit, net of income tax)		9,000
Income summary for 2020 (credit balance)		31,000

The stock price was $23.03 per share on that date. Required: a) Identify the amounts that would be reported in the retained earnings column of the statement of changes in equity for year 2.b) Prepare the shareholders equity section of the statement of financial position at December 31, year 2.

c) 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)

Items affecting Retained Earnings during year 2: \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ BLAKE CORPORATION } \\ \hline \multicolumn{2}{|c|}{ Shareholders' Equity } \\ \hline \multicolumn{2}{|c|}{ As at End of Year 2 } \\ \hline Contributed capital: & \\ \hline & \\ \hline Total contributed capital & $ \\ \hline Total shareholders' equity & $ \\ \hline \end{tabular}