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.

Partial Income Statement Year Ending 2017
Sales revenue	$350,100
Cost of goods sold	$142,000
Fixed costs	$43,200
Selling, general, and administrative expenses	$27,900
Depreciation	$45,800

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Partial Balance Sheet 12/31/2016
ASSETS		LIABILITIES
Cash	$15,900	Notes payable	$13,900
Accounts receivable	$27,800	Accounts payable	$18,900
Inventories	$48,000	Long-term debt	$190,200
Fixed assets	$367,900	OWNERS' EQUITY
Accumulated depreciation (-)	$140,000	Retained earnings
Intangible assets	$81,800	Common stock	$132,000

Partial Balance Sheet 12/31/2017
ASSETS		LIABILITIES
Cash	$26,200	Notes payable	$12,100
Accounts receivable	$19,200	Accounts payable	$24,100
Inventories	$53,100	Long-term debt	$162,200
Fixed assets	$447,900	OWNERS' EQUITY
Accumulated depreciation (-)		Retained earnings
Intangible assets	$81,900	Common stock	$182,000