Partial Income Statement Year Ending 2014 Sales revenue $350,000 Cost of goods sold $141,900 Fixed costs $43,100 Selling, general, and administrative expenses $28,200 Depreciation $45,900 Partial Balance Sheet 12/31/2013 ASSETS LIABILITIES Cash $16,000 Notes payable $14,200 Accounts receivable $19,100 Inventories $190,000 Fixed assets $27,800|Accounts payable $48,000 Long-term debt $368,100 OWNERS' EQUITY $140,700 Retained earnings $81,900 Common stock Accumulated depreciation (-) Intangible assets $131,900 Partial Balance Sheet 12/31/2014 LIABILITIES ASSETS Partial Balance Sheet 12/31/2013 LIABILITIES ASSETS Cash $16,000 Notes payable $14,200 Accounts receivable $19,100 $190,000 Inventories Fixed assets $27,800 Accounts payable $48,000 Long-term debt $368,100 OWNERS' EQUITY $140,700 Retained earnings $81,900 Common stock Accumulated depreciation (-) Intangible assets $131,900 Partial Balance Sheet 12/31/2014 ASSETS LIABILITIES Cash $12,100 $25,800 Notes payable $19,100 Accounts payable Accounts receivable $24,000 Inventories $52,900 Long-term debt $162,200 Fixed assets $447,900 OWNERS' EQUITY Accumulated depreciation (-) Retained earnings Intangible assets $81,800|Common stock $182,000 The company paid interest expense of $19,000 for 2014 and had an overall tax rate of 40% for 2014. Complete the statement of Statement of retained earnings. Use the data from the following financial statements in the popup window, retained earnings for 2014, and determine the dividends paid last year. The distributed earnings is $ (Round to the nearest dollar.)