Given:

Statement of retained earnings. Use the data from the following financial statements in the popup window, B. The company paid interest expense of $18,000 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.) Statement of Retained Earnings Year Ending December 31, 2014 Beginning balance Add net income Subtract dividends Ending balance (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $349,800 Cost of goods sold $141,900 Fixed costs $42,900 Selling, general, and administrative expenses $28,100 Depreciation $45,800 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 LIABILITIES ASSETS Cash Accounts receivable $13,9001 $18,800 $190,000 Inventories $16,100|Notes payable $27,900|Accounts payable $47,800 Long-term debt $368,200 OWNERS' EQUITY $142,600 Retained earnings $82,000 Common stock Fixed assets Accumulated depreciation (-) Intangible assets $131,800 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 LIABILITIES ASSETS Cash ccounts receivable $12,000 $24,000 $162,000 Inventories $26,100 Notes payable $18,900 Accounts payable $53,000 Long-term debt $448,200 OWNERS' EQUITY Retained earnings $82,200 Common stock Fixed assets Accumulated depreciation (-) Intangible assets $182,000