Statement of retained earnings.Use the data from the following financial statements in the popup window,

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Partial Income Statement Year Ending 2014
Sales revenue	$350,200
Cost of goods sold	$141,800
Fixed costs	$42,900
Selling, general, and administrative expenses	$28,000
Depreciation	$46,200

Partial Balance Sheet 12/31/2013
ASSETS		LIABILITIES
Cash	$16,000	Notes payable	$14,000
Accounts receivable	$27,800	Accounts payable	$19,100
Inventories	$48,000	Long-term debt	$189,900
Fixed assets	$368,000	OWNERS' EQUITY
Accumulated depreciation (-)	$140,200	Retained earnings
Intangible assets	$82,000	Common stock	$131,900

Partial Balance Sheet 12/31/2014
ASSETS		LIABILITIES
Cash	$26,200	Notes payable	$11,900
Accounts receivable	$18,800	Accounts payable	$24,100
Inventories	$53,200	Long-term debt	$161,800
Fixed assets	$447,800	OWNERS' EQUITY
Accumulated depreciation (-)		Retained earnings
Intangible assets	$82,200	Common stock	$181,900

. The company paid interest expense of

$ 18 comma 700$18,700

for 2014 and had an overall tax rate of

40 %40%

for 2014. Complete the statement of retained earnings for2014, and determine the dividends paid last year.

The distributed earnings is

$nothing.

(Round to the nearest dollar.)

Complete the statement of retained earnings:(Round to the nearest dollar.)

Statement of Retained Earnings
Year Ending December 31, 2014
Beginning balance	$
Add net income	$
Subtract dividends	$
Ending balance	$