The following account balances were selected from the records of beverage maker Blake Corporation at December 31 after all adjusting entries were completed:

Common stock (par $15; authorized 100,000 shares, issued 28,000 shares, of which 1,200 shares are held as treasury stock)	$	420,000
Additional paid-in capitalcommon stock		173,000
Dividends		21,000
Retained earnings, beginning of year		69,000
Treasury stock at cost (1,200 shares)		24,000

Net income for the year was $37,500.

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

BLAKE CORPORATION
Statement of Retained Earnings
For the Year Ended December 31
Retained Earnings, January 1
Retained Earnings, December 31

Prepare the stockholders equity section of the balance sheet at December 31. (Amounts to be deducted should be indicated by a minus sign.)

BLAKE CORPORATION
Balance Sheet (Excerpt)
At December 31
Stockholders Equity
Contributed Capital:
Total Contributed Capital
Total
Total Stockholders Equity

Determine the number of shares of stock that received dividends.

Compute the ROE ratio for the current year, assuming total stockholders equity was $622,000 on December 31 of the previous year. (Round your answer to 1 decimal place.)