o Question Help P2-9 (similar to) Statement of retained earnings. Use the data from the following financial statements in the popup window, The company paid interest expense of $17,100 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 $[ * Data Table Partial Income Statement Year Ending 2017 Sales revenue $349,800 Cost of goods sold $141,900 Fixed costs $43,200 Selling, general, and administrative expenses $27,900 Depreciation $46,200 1 (Click on the following loon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash Accounts receivable Inventories $16,200 Notes payable $28,200 Accounts payable $48,200 Long-term debt $367,800 OWNERS' EQUITY $13,900 $19,000 $190,000 Enter your answer in the answd Fixed assets 1 part Accumulated depreciation (-) Intangible assets $140,900 Retained earnings $81,800 Common stock remaining $131,800 ta Table sh ccounts receivable ventories $13,900 $19,000 $190,000 $16,200 Notes payable $28,200 Accounts payable $48,200 Long-term debt $367,800 OWNERS' EQUITY $140,900 Retained earnings $81,800 Common stock ixed assets ccumulated depreciation (-) ntangible assets $131,800 Ek on the following icon in order to copy its contents into a spreadsheet.) Partial balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $26,000 Notes payable Accounts receivable $18,900 Accounts payable Inventories $52,900 Long-term debt Fixed assets $448,100 OWNERS' EQUITY Accumulated depreciation (-) Retained earnings Intangible assets $82,000 Common stock $11,800 $23,800 $ 161,900 $181.900 Print Done o Question Help P2-9 (similar to) Statement of retained earnings. Use the data from the following financial statements in the popup window, The company paid interest expense of $17,100 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 $[ * Data Table Partial Income Statement Year Ending 2017 Sales revenue $349,800 Cost of goods sold $141,900 Fixed costs $43,200 Selling, general, and administrative expenses $27,900 Depreciation $46,200 1 (Click on the following loon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash Accounts receivable Inventories $16,200 Notes payable $28,200 Accounts payable $48,200 Long-term debt $367,800 OWNERS' EQUITY $13,900 $19,000 $190,000 Enter your answer in the answd Fixed assets 1 part Accumulated depreciation (-) Intangible assets $140,900 Retained earnings $81,800 Common stock remaining $131,800 ta Table sh ccounts receivable ventories $13,900 $19,000 $190,000 $16,200 Notes payable $28,200 Accounts payable $48,200 Long-term debt $367,800 OWNERS' EQUITY $140,900 Retained earnings $81,800 Common stock ixed assets ccumulated depreciation (-) ntangible assets $131,800 Ek on the following icon in order to copy its contents into a spreadsheet.) Partial balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $26,000 Notes payable Accounts receivable $18,900 Accounts payable Inventories $52,900 Long-term debt Fixed assets $448,100 OWNERS' EQUITY Accumulated depreciation (-) Retained earnings Intangible assets $82,000 Common stock $11,800 $23,800 $ 161,900 $181.900 Print Done
