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please read directions & answer all parts. much appreciated!! will give thumbs up! Statement of retained earnings. Use the data from the following financial statements
please read directions & answer all parts. much appreciated!! will give thumbs up!
Statement of retained earnings. Use the data from the following financial statements in the popup window. The company paid interest expense of 518,600 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 dollar) View an Example eText Pages Get More Help Clear All Check Answer Data Table (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $350,100 Cost of goods sold $142,000 Fixed costs $42.900 Selling, general, and administrative expenses $28,200 Depreciation $46,200 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $14,100 $18,800 $190,000 Accounts receivable Inventories Fixed assets Accumulated depreciation (-) Intangible assets $15,900 Notes payable $28,000 Accounts payable $48,000 Long-term debt $368,200 OWNERS' EQUITY $143,600 Retained earnings $81,800 Common stock $131,800 Print Done Data Table $14,100 $18,800 $190,000 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $15,900 Notes payable Accounts receivable $28,000 Accounts payable Inventories $48,000 Long-term debt Fixed assets $368,200 OWNERS' EQUITY Accumulated depreciation (-) $143,600 Retained earnings Intangible assets $81,800 Common stock (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Shoot 12/31/2017 ASSETS LIABILITIES Cash $26,100 Notes payable Accounts receivable $19,000 Accounts payable inventories $52,800 Long-term debt Fixed assets $448,200 OWNERS' EQUITY $131,800 $11,800 $24,100 $162,100 Print Done $14,100 $18,800 $190,000 $131,800 ASSETS LIABILITIES Cash $15,900 Notes payable Accounts receivable $28,000 Accounts payable Inventories $48,000 Long-term debt Fixed assets $368,200 OWNERS' EQUITY Accumulated depreciation (-) $143,600 Retained earnings Intangible assets $81,800 Common stock (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $26,100 Notos payable Accounts receivable $19,000 Accounts payable Inventories $52,800 Long-term debt Fixed assets $448,200 OWNERS' EQUITY Accumulated depreciation (-) Retained earnings Intangible assets $81,800 Common stock $11,800 $24,100 $162,100 $181.900 Print Done Step by Step Solution
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