Treasury stock isnt 20,000 either . Already asked this question twice and received the wrong answer both times . Please only answer if you actually know it.

E11-16 Preparing a Statement of Retained Earnings and Partial Balance Sheet and Evaluating Dividend Policy [LO 11-3, LO 11-5) The following account balances were selected from the records of beverage maker Blake Corporation at December 31 after all adjusting entries were completed: 6.96/8 poirts awarded Scored Connon stock [pa 15 authorized 100,000 shares, issued 27,000 shares, of which 1,000 shares are held as treasury Additional paid-in capital-conmon stock Retained earmings, beginning of year 405,000 172,000 20,000 68,000 20.000 eBook Hint Prine Treasury stock at cost (1,000 shares) Net income for the year was $36,000. 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 stockhoiders' equity was $621,000 on December 31 of the previous year Complete this question by entering your answers in the tabs below. Prev 20, 41,, Next> Stue Aapter t-Assignment 2 Submitted Req 1A Req 18 Req 2 Req 3 2 Prepare the stockholders' equity section of the balance sheet at December 3 by a minus sign.) BLAKE CORPORATION Balance Sheet (Excerpt) At December 31 Stockholders' Equity 6.96/8 points awarded Scored Contributed Capital: Common Stock 405,000 172,000 eBook Hint Print Additional Paid-In Capital, Common Stock Total Contributed Capital 577,000 Retained Eanings 4,000 Total Less: Treasury Stock, at cost Total Stockholders' Equity 661,000 15,000 of 4l Next > 11- Assignment 2 6 Treasury stock at cost ,u snares) 2u,000 Net income for the year was $36,000. 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. warded 2. Determine the number of shares of stock that received dividends. 3. Compute the ROE ratio for the current year, assuming total stockholders' equit w red year. ook Complete this question by entering your answers in the tabs below. int rint Req 1A Req 1B Req 2 Req Compute the ROE ratio for the current year, assuming total stockholders' equity was $621,0 previous year. (Round your answer to 1 decimal place.) 5801% K Req 2