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 520 par value: 100.000 shares authored, 34000 shares issued 32000 shares outstanding Additional paid in capital Dividends declared and paid during the year Retained earnings at the beginning of the year Treasury stock at cost 2.000 shares Net income for the year was $30,000. The stock price is currently $22.29 per share. References Section Break EMS Preparing a Suement derstand Evaluating Dividend Policy LOT 1.113 114 115 7. Required information 12.50 points E11-14 Part 1 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 (Partia At December 31, This Fiscal Year Stockh Contributed Capital Common och Adonai 163.000 capital 43.000 con Redes ca n d indeamings 982.000 Total con Treasury stock E11-14 Part 2 2-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 .343.) tage round evaluate Dividend yield ratio 2-b. Determine the number of shares of stock that received dividends. Number of shares