Question: Please answer asap E11-6 Determining the Ending Balance of Retained Earnings, and Evaluating Dividend Policy LO11-1, 11-4, 115 The following account balances were selected from
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E11-6 Determining the Ending Balance of Retained Earnings, and Evaluating Dividend Policy LO11-1, 11-4, 115 The following account balances were selected from the records of Blake Corporation at December 31 , year 2 , after all adjusting entries were completed: The stock price was $22.93 per share on that date. Required: 1. Identify the amounts that would be reported in the retained earnings column of the statement of changes in equity for year 2 . E11-6 Determining the Ending Balance of Retained Earnings, and Evaluating Dividend Policy LO11-1, 11-4, 115 The following account balances were selected from the records of Blake Corporation at December 31 , year 2 , after all adjusting entries were completed: The stock price was $22.93 per share on that date. Required: 1. Identify the amounts that would be reported in the retained earnings column of the statement of changes in equity for year 2 . 2. Prepare the shareholders' equity section of the statement of financial position at December 31 , year 2 . 3. Compute and evaluate the dividend yield ratio. (Do not round intermediate calculations. Round percentage answer to 2 places (i.e., 0.1243 should be entered as 12.43).)
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