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please answer Statement of retained earnings. Use the data from the following financial statements in the popup window. The company paid interest expense of 598.000

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Statement of retained earnings. Use the data from the following financial statements in the popup window. The company paid interest expense of 598.000 for 2017 and had an overnit tax rate of 401 for 2017 Complete the statement of retained earnings for 2017 and determine the vidends paid last year The distributed earnings ass Round to the nearest dotat) Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $140,000 Fixed costs $43.000 Selling. general, and administrative expenses $28,000 Depreciation $48,000 JASSETS Cash Accounts receivable Inventories Fixed assets Accumulated depreciation (-) Intangible assets Partial Balance Sheet 12/31/2016 LIABILITIES $18,000 Notes payable $28,000 Accounts payable $48.000 Long-term debt 5368,000 OWNERS' EQUITY $142.000 Retained earings 582,000 Common stock $14,000 $19.000 $190.000 $130.000 ASSETS Cash Accounts receivable Inventories Fixed assets Accumulated depreciation (-) Intangible assets Partial Balance Sheet 12/31/2017 LIABILITIES $26,000 Notes payable $19.000 Accounts payable $53,000 Long-term debt 5448,000 OWNERS' EQUITY Retained earnings $82,000|Common stock $12.000 $24.000 S182.000 $180,000

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