2-a. Compute and evaluate the dividend yield ratio. (Enter your answer as a percentage rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34).)

2-b. Determine the number of shares of stock that received dividends.

The following account balances were selected from the records of TAC Corporation at the end of the fiscal year after all adjusting entries were completed: Common stock ($17 par value; 118,000 shares authorized, 40,000 shares issued, 33,000 shares outstanding) $ 680,000 Additional paid-in capital 179,000 11,000 Dividends declared and paid during the year Retained earnings at the beginning of the year Treasury stock at cost (7,000 shares) 77,000 (31,000) Net income for the year was $41,000. The stock price is currently $24.09 per share. value: 15.00 points Required: 1. Prepare the stockholders' equity section of the balance sheet at the end of the fiscal year. (Amounts to be deducted should be indicated by a minus sign. TAC Corporation Balance Sheet (Partial) At December 31, This Fiscal Year Stockholders' equity: Contributed capital Total contributed capital Total contributed capital and retained earnings Total stockholders' equity 0 0 $ 0