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Statement of retained earnings. Use the data from the following financial statements in the popup window, B. The company paid interest expense of $17,800 for 2017 and had an overall tax rate of 40% for 2017. Complete the statement of retained earnings for 2017, and determine the dividends paid last year. The distributed earnings is $ . (Round to the nearest dollar.) A Data Table (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $350,100 Cost of goods sold $141,800 Fixed costs $43,200 Selling, general, and administrative expenses $27,900 Depreciation $45,800 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash Accounts receivable $13,800 $18,800 $190,000 Inventories $16,000 Notes payable $28,200 Accounts payable $48,000 Long-term debt $367,900 OWNERS' EQUITY $140,000 Retained earnings $82,100 Common stock Enter your answer in the answer box and then click Check Answer. Fixed assets Accumulated depreciation (-) Intangible assets $131,900 1 part remaining ASSETS Cash Accounts receivable LIABILITIES $16,000 Notes payable $28,200 Accounts payable $48,000 Long-term debt $367,900 OWNERS' EQUITY $140,000 Retained earnings $82,100 Common stock $13,800 $18,800 $190,000 Inventories Fixed assets Accumulated depreciation (-) Intangible assets $131,900 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $26,100 Notes payable Accounts receivable $18,800 Accounts payable Inventories $53,200 Long-term debt Fixed assets $447,900 OWNERS' EQUITY Accumulated depreciation (-) Retained earnings Intangible assets $82,200 Common stock $11,900 $24,200 $162,200 $182,000

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