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Abdul Waran 07/05/20 5:55 PE Homework: Chapter 2: GRADED Problems Sa Score: 0 of 10 pts 4 of 6 (4 complete) XP2-9 (similar to) HW

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Abdul Waran 07/05/20 5:55 PE Homework: Chapter 2: GRADED Problems Sa Score: 0 of 10 pts 4 of 6 (4 complete) XP2-9 (similar to) HW Score: 33.33%, 20 of 60 Question Help Statement of retained eamings. Use the data from the following financial statements in the popup window. The company paid interest expense of $15.700 for 2017 and had an overal tax rate of 40% for 2017 Complete the statement of retained earnings for 2017 and determine the dividends paid last year The debuted earnings is Round to the nearest dolar) (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $349,900 Cost of goods sold $141.800 Fixed costs $42,800 Selling, general, and administrative expenses $28.100 Depreciation $45.800 (Click on the following icon in order to copy its contents into a spreadsheet (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $15,800 Notes payable Accounts receivable $28.100 Accounts payable Inventories $48,100 Long-term debt Fbxed assets $368.200 OWNERS' EQUITY Accumulated depreciation (-) 5142 200 Retained earnings Intangible assets 581,900 Cominon stock (Click on the following icon in order to copy its contents into a spreadsheet.) $13.800 $18,800 $190.100 $131.800 Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash 526,000 Notes payable Accounts receivable $18,900 Accounts payable inventories 553,000 Long-term debt Fixed assets $448, 100 OWNERS' EQUITY Accumulated depreciation ) Retained earnings Intangible assets $81.800 Common stock $12.200 $23.900 $162, 100 S181.900

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