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 44,000 shares, of which 1,000 shares are held as treasury stock)	$	660,000
Additional paid-in capitalcommon stock		189,000
Dividends		37,000
Retained earnings, beginning of year		85,000
Treasury stock at cost (1,000 shares)		20,000

Net income for the year was $61,500.

Required:

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

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

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

3.	Compute the ROE ratio for the current year, assuming total stockholders equity was $638,000 on December 31 of the previous year. (Round your answer to 1 decimal place.)