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

The company paid interest expense of $18,400 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 $350,000 Sales revenue Cost of goods sold $142,000 $43,100 Fixed costs Selling, general, and administrative expenses $27,900 Depreciation $46,200 ASSETS LIABILITIES $15,900 Notes payable $13,800 Cash $28,200 Accounts payable Accounts receivable $19,000 $48,100 Long-term debt $190,100 Inventories $367,900 OWNERS' EQUITY Fixed assets Accumulated depreciation (-) $142,600 Retained earnings $82,200 Common stock Intangible assets $131,900 ASSETS LIABILITIES Cash $26,000 Notes payable $12,200 $23,800 Accounts receivable $19,200 Accounts payable $162,000 $52,800 Long-term debt Inventories $448,100 OWNERS' EQUITY Fixed assets Accumulated depreciation(-) Retained earnings $181,800 $81,800 Common stock Intangible assets