Statement of retained earnings. Use the data from the following financial statements in the popup window. . The company paid interest expense of $17,000 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.) Complete the statement of retained earnings: (Round to the nearest dollar.) Statement of Retained Earnings Year Ending December 31, 2017 Beginning balance $ Add net income Subtract dividends Ending balance $ A $ (Click on the following icon in order to copy its contents into a spreadsheet) Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $142,000 Fixed costs $43.000 Selling, general, and administrative expenses $28.100 Depreciation $45,9001 (Click on the following icon In order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $16.000 Notes payable Accounts receivable $27,800 Accounts payable inventories $48,000 Long-term debt Fixed assets $368.200 OWNERS' EQUITY Accumulated depreciation (-) $140,300 Retained earnings Intangible assets $81,800|Common stock (Click on the following icon in order to copy its contents into a spreadsheet) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $25,800 Notes payable Accounts receivable $18,800 Accounts payable inventories $53.000 Long-term debt Fixed assets $447,800 OWNERS' EQUITY Accumulated depreciation (-) Retained earnings Intangible assets $81,900 Common stock $14,000 $19,200 $189,900 $131,800 $12,1001 $24.2001 $162.100 $182,000