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 net income for the year was $37,500. 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. 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 $622,000 on december 31 of the previous year.
