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Statement of retained earnings. Use the data from the following financial statements in the popup window, The company paid interest expense of $17,700 for 2017
Statement of retained earnings. Use the data from the following financial statements in the popup window, The company paid interest expense of $17,700 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.) Data Table Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $141,900 Fixed costs $43.100 Selling, general, and administrative expenses $28,000 Depreciation $46,000 (Click on the following icon e in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 JASSETS LIABILITIES Cash $13,800 Accounts receivable $18,900 Inventories $190,100 $16,200 Notes payable $27,800|Accounts payable $47.900 Long-term debt $368,000 OWNERS' EQUITY $142,900 Retained earnings $82,000 Common stock Fixed assets Accumulated depreciation (-) Intangible assets $131,800 (Click on the following icone in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 JASSETS LIABILITIES Cash $12, 100 $23,900 Accounts receivable Inventories $162,000 $25,900 Notes payable $19.000 Accounts payable $52,800 Long-term debt $448.200 OWNERS' EQUITY Retained earnings $81.900l Common stock Fixed assets Accumulated depreciation (-) Intangible assets Enter your answer in the answer box and then click Check Answer. $181.8001 part remaining Check Answe Print Done
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