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 110,000 shares, issued 35,000 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) $700,000 168,000 20,000 77,000 8,500 29,500 The stock price was $22.83 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 Earnings during year 2: Retained earnings, January 1 0 Total 0 Retained earnings December 31 0 2. Prepare the shareholders' equity section of the statement of financial position at December 31, year 2 BLAKE CORPORATION Shareholders' Equity As at End of Year 2 Contributed capital Total contributed capital S 0 Total shareholders' equity $ 0 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).) Dividend yield ratio