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 29,000 shares, of which 1,100 shares are held as treasury stock) Additional paid-in capital-common stock Dividends Retained earnings, beginning of year Treasury stock at cost (1,100 shares) Net income for the year was $39,000. 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. 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 $623,000 on December 31 of the previous year. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 $ 435,000 174,000 22,000 70,000 22,000 Req 3 BLAKE CORPORATION Statement of Retained Earnings For the Year Ended December 31 Prepare the statement of retained earnings for the year ended December 31.

The following account balances were selected from the records of beverage maker Blake Corporation at December 31 after all adjusting entries were completed rver inome tor une year was ay,uY 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 2. Determine the number of shares of stock that received dividends. 3. Compute the ROE ratio for the current year, assuming total stockholders equity wos $623,000 on December 31 of the previous year Complete this question by entering your answers in the tabs below. Prepare the statement of retained earnings for the year ended December 31