Statement of retained earnings. Use the data from the following financial statements. The company paid interest expense of $17,900 for 2014 and had an overall tax rate of 40% for 2014. Complete the statement of retained earnings for 2014 and determine the dividends paid last year.

Partial Income Statement Year Ending 2014

Sales revenue	$349,800
Cost of goods sold	$142,000
Fixed costs	$43,000
Selling, general, and administrative expenses	$28,100
Depreciation	$45,800

ASSETS Cash Accounts receivable Inventories Fixed assets Accumulated depreciation Intangible assets Partial Balance Sheet 12/31/2013 LIABILITIES $15,800 Notes payable $28,000 Accounts payable $47,800 Long-term debt $368,200 OWNERS EQUITY $143,000 Retained earnings $81,800 common stock $13,900 $19,200 $189,800 $131,900