Complete the statement of retained earnings, and determine the dividends paid last year

  

Assets Current Assets Cash Accounts Rec. Inventories Long-term assets Fixed Assets 2006 Acc. Depreciation Total Assets 16000 28000 48000 368000 Intangible Assets 82000 142000 400000 Balance Sheet 2007 Liabilities Current Liabilities 26 000 Notes Payable 19 000 Accounts Payable 53 000 Long-Term Debt Total Liabilities 448 000 Owner's Equity 82 000 Retained Earnings 188 000 Common Stock 440 000 Total Liab. & O. E. 2006 14000 19000 190000 223000 47000 130000 400000 2007 12000 24000 162000 198000 62000 180000 440000