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Prepare the statement of retained earning for the year

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Reference no: EM131775611

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. 

Reference no: EM131775611

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