The following account balances were selected from the records of TAC Corporation at the end of the fiscal year after all adjusting entries were completed:

	Common stock ($20 par value; 100,000 shares authorized, 34,000 shares issued, 32,000 shares outstanding)	$	680,000
	Additional paid-in capital		163,000
	Dividends declared and paid during the year		16,000
	Retained earnings at the beginning of the year		75,000
	Treasury stock at cost (2,000 shares)		(25,000	)

Net income for the year was $30,000. The stock price is currently $22.29 per share.

a. Compute and evaluate the dividend yield ratio. (Enter your answer as a percentage rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34).)

Dividend Yield Ratio: %

b. Determine the number of shares of stock that received dividends.

Number of shares:

Required 1. Prepare the stockholders' equity section of the balance sheet at the end of the fiscal year. (Amounts to be deducted should be indicated by a minus sign.) TAC CORPORATION Balance Sheet (Partial) At December 31, This Fiscal Year Stockholders' equity: Contributed Capital Total contributed capital 0 Total contributed capital and retained earnings 0 Total stockholders' equity $ 0