E11-14 Preparing a Statement of Stockholders' Equity and Evaluating Dividend Policy LO11-1, 11-3, 11-4, 11-5 The following information applies to the questions displayed below. 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 520 par 100000 Shares authorized. 34000 Shares issued, 32.000 shares Outstanding Additional paid in capital Dividends deded and paid during the year Retained earnings at the beginning of the year Treasury stock at cost 2.000 shares) Net income for the year was $30,000. The stock price is currently $22.29 per share. References Section Break ET14 Preparing a Sant of Stockholders' Equity and Evaluati o n Policy LOIS L113114115 7 Required information 12.50 points E11-14 Part 1 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 Partia Al December 31, This Fiscal Year SOS Corbud Capital Additional dag 000 Tom E11-14 Part 2 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).) Dividend yield ratio 2-b. Determine the number of shares of stock that received dividends. Number of shares