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please anwser Statement of retained earnings. Use the data from the folloning financial statoments in the popup window, I The company paid interest expense of

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Statement of retained earnings. Use the data from the folloning financial statoments in the popup window, I The company paid interest expense of 518 100 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 $(Round to the nearest dolar) Partial income Statement Year Ending 2017 Sales revenue $349.900 Cost of goods sold $141,9001 Fixed costs $43.100 Selling, general, and administrative expenses $27,800 Depreciation $46,100 ASSETS 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 $48,100 Long-term debt $368,000 OWNERS' EQUITY $141,900 Retained earings $81.900 Common stock $14.2001 $10,000 $190,200 $131,800 ASSETS Cash Accounts receivable Inventories Fixed assets Accumulated depreciation (-) Intangible assets Partial Balance Sheet 12/31/2017 LIABILITIES $28,100 Notes payable $18,800 Accounts payable $52,800 Long-term debt 5447,800 OWNERS' EQUITY Retained earnings $81.800|Common stock $11,800 $23,900 S161,800 $181.800

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