Partial Income Statement Year Ending 2017
Sales revenue	$350,000
Cost of goods sold	$141,800
Fixed costs	$43,000
Selling, general, and administrative expenses	$28,100
Depreciation	$46,200

Partial Balance Sheet 12/31/2016
ASSETS		LIABILITIES
Cash	$16,000	Notes payable	$14,200
Accounts receivable	$28,100	Accounts payable	$19,100
Inventories	$47,900	Long-term debt	$190,200
Fixed assets	$367,800	OWNERS' EQUITY
Accumulated depreciation (-)	$143,200	Retained earnings
Intangible assets	$82,100	Common stock	$131,800

Partial Balance Sheet 12/31/2017
ASSETS		LIABILITIES
Cash	$25,800	Notes payable	$12,100
Accounts receivable	$19,000	Accounts payable	$23,800
Inventories	$52,800	Long-term debt	$161,800
Fixed assets	$448,000	OWNERS' EQUITY
Accumulated depreciation (-)		Retained earnings
Intangible assets	$82,000	Common stock	$182,000

Statement of retained earnings. Use the data from the following financial statements in the popup window,. The company paid interest expense of $17,300 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 S (Round to the nearest dollar.) Complete the statement of retained earnings: (Round to the nearest dollar.) Statement of Retained Earnings Year Ending December 31, 2017 Beginning balance Add net income Subtract dividends Ending balance