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.) ng ico In order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $350,200 Cost of goods sold $142,000 Fixed costs $42,900 Selling, general, and administrative expenses $28,100 Depreciation $45,900 Partial Balance sheet 12/31/2016 ASSETS LIABILITIES Cash $14,000 Accounts receivable $15,800 Notes payable $28,200 Accounts payable $48,200 Long-term debt $367,900 OWNERS' EQUITY $18,800 $189,800 Inventories Fixed assets Accumulated depreciation (-) $144,000 Retained earnings Lintangible assets $82.2001 Common stock $131.900 Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash Accounts receivable $25,900 Notes payable $18,900 Accounts payable $52,800 Long-term debt $448,200 OWNERS' EQUITY $11,900 $24,100 $162,000 Inventories Fixed assets Accumulated depreciation (-) Retained earnings Intangible assets $81 800 common stock $181 900