Sales revenue 350,000 Cost of goods sold 140,000 Fixed costs 43,000 Selling, general, and administrative expenses 28,000 Depreciation 46,000

ASSETS LIABILITIES Cash 16,000 Notes payable 14,000 Accounts receivable 28,000 Accounts payable 19,000 Inventories 48,000 Long-term debt 190,000 Fixed assets 368,000 OWNERS' EQUITY Accumulated depreciation 142,000 Retained earnings Intangible assets 82,000 Common stock 130,000

ASSETS LIABILITIES Cash 26,000 Notes payable 12,000 Accounts receivable 19,000 Accounts payable 24,000 Inventories 53,000 Long-term debt 162,000 Fixed assets 448,000 OWNERS' EQUITY Accumulated depreciation Retained earnings Intangible assets 82,000 Common stock 180,000

The company paid interest expense of $18,000 for 2017 and had an overall tax rate of 40% to 2017. Complete the statement of Statement of retained earnings. Use the data from the following financial statements in the popup window, retained earnings for 2017 and determine the dividends paid last year. () The distributed earnings is $. (Round to the nearest dollar.) Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue Cost of goods sold Fixed costs Selling, general, and administrative expenses Depreciation (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 LIABILITIES ASSETS Cash Accounts receivable $16,000 Notes payable. $28,000 Accounts payable $48.000 Long-term debt Inventories Fixed assets $368,000 OWNERS' EQUITY Accumulated depreciation (-) $142,000 Retained earnings Intangible assets $82,000 Common stock $350.000 $140,000 $43,000 $28,000 $46,000 $14,000 $19,000 $190,000 $130,000