The following information was extracted from the records of Cascade Company at the end of the fiscal year after all adjusting entries were completed:

Common stock ($0.01 par value; 250,000 shares authorized, 56,500 shares issued, 54,500 shares outstanding)	$	565
Additional paid-in capital		461,000
Dividends declared and paid during the year		24,500
Retained earnings at the end of the year		317,000
Treasury stock at cost (2,000 shares)		(17,500	)

Net income for the year was $97,500. The stock price is currently $20 per share.

Required:

1. Prepare the stockholders equity section of the balance sheet at the end of the fiscal year. 2. Compute the dividend yield ratio. Determine the number of shares of stock that received dividends.

Cascade Company
Balance Sheet (Partial)
At December 31, Current Year
Stockholders equity:
Contributed capital:
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Total contributed capital
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Total contributed capital and retained earnings
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Total stockholders equity

Dividend Yield Ratio ???

Number of Shares ????