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 eamings for 2017, and determine the dividends paid last year. X Data table 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 $350,000 Cost of goods sold $141,900 Fixed costs $43,100 Selling, general, and administrative expenses $27,800 Depreciation $46,000 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $16,200 Notes payable Accounts receivable $27.900 Accounts payable Inventories $48, 100 Long-term debt Fixed assets 5368,000 OWNERS' EQUITY Accumulated depreciation (-) $142,200 Retained eamings Intangible assets $81,900|Common stock $13,800 $19,000 $190,000 $131,900 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash Accounts receivable $12,200 $24,200 S162.100 Inventories $26,000 Notes payable $18,900 Accounts payable $53,100 Long-term debt S447,800 OWNERS' EQUITY Retained earings $82,200 Common stock Fixed assets Accumulated depreciation (-) Intangible assets S181,800 Print Done