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 28,000 shares, of which 1,200 shares are held as treasury stock) |
$420,000 |
| Additional paid-in capital-common stock |
173,000 |
| Dividends |
21,000 |
| Retained earnings, beginning of year |
69,000 |
| Treasury stock at cost (1,200 shares) |
24,000 |
Prepare the statement of retained earning for the year ended December 31
prepare the stackholder's equity section of the balance sheet at December 31.
Determine the number of shares of stocks that received dividends.
Compute the ROE ration for the current year assuming total stoclholders' equity was $622000 on December 31 of the previous year.