Statement of retained earnings. Use the data from the following financial statements in the popup window. The company paid interest expense of $17,500 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.) (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $349,800 Cost of goods sold $142,000 Fixed costs $42,900 Selling, general, and administrative expenses $27,800 Depreciation $46,100 $13,900 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $15,800 Notes payable Accounts receivable $27,800 Accounts payable Inventories $48,100 Long-term debt Fixed assets $367,900 OWNERS' EQUITY Accumulated depreciation (-) $140,500 Retained earnings Intangible assets $82,000 Common stock $19,200 $190,000 $131,900 (Click on the following icon 9 in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $26,000 Notes payable Accounts receivable $18,900 Accounts payable Inventories $53,100 Long-term debt Fixed assets $447,800 OWNERS' EQUITY Accumulated depreciation (-) Retained earnings Intangible assets $82,200 Common stock $12,200 $24,200 $ 161,900 $181,900