Sales revenue 349,900 Cost of goods sold 141,800 Fixed costs 42,900 Selling, general, and administrative expenses 28,100 Depreciation 45,900

ASSETS LIABILITIES Cash 16,200 Notes payable 13,900 Accounts receivable 28,100 Accounts payable 19,100 Inventories 48,000 Long-term debt 190,000 Fixed assets 368,000 OWNERS' EQUITY Accumulated depreciation 142,200 Retained earnings Intangible assets 82,000 Common stock 132,000

ASSETS LIABILITIES Cash 25,900 Notes payable 11,800 Accounts receivable 18,900 Accounts payable 23,900 Inventories 52,800 Long-term debt 161,900 Fixed assets 448,000 OWNERS' EQUITY Accumulated depreciation Retained earnings Intangible assets 82,000 Common stock 181,900

Statement of retained earnings. Use the data from the following financial statements in the popup window. The company paid interest expense of $17,100 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 dollar.) Statement of retained earnings. Use the data from the following financial statements in the popup window. The company paid interest expense of $17,100 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 dollar.)