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

The company paid an interest expense of $17,800 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.

i Data Table (Click on the following icon 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 $28,000 Depreciation $45,800 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $15,900 Notes payable Accounts receivable $28,200 Accounts payable Inventories S48,200 Long-term debt Fixed assets $367,800 OWNERS' EQUITY Accumulated depreciation (-) $143,500 Retained earnings Intangible assets $81,800 Common stock $14,000 $19,100 $189,800 $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 $26,200 Notes payable Accounts receivable $19,200 Accounts payable Inventories $53,000 Long-term debt Fixed assets $448,100 OWNERS' EQUITY Accumulated depreciation (-) Retained earnings Intangible assets $81,800 Common stock $12,000 $23,800 $162,000 $181,800