The following account balances were selected from the records of Cascade Company at the end of the fiscal year after all adjusting entries were completed:

Common stock ($0.01 par value; 200,000 shares authorized,............ $ 540

54.000 shares issued, 52,000 shares outstanding)

Additional paid-in capital..................................................... 456,000

Dividends declared and paid during the year.............................. 22,000

Retained earnings at the end of the year.................................... 312,000

Treasury stock at cost (2,000 shares)........................................ . (15.000)

Net income for the year was $95,000. The stock price is currently $10 per share.

Required:

1. Prepare the stockholders' equity section of the balance sheet at the end of the fiscal year.

2. Compute and evaluate the dividend yield ratio. Determine the number of shares of stock that received dividends.