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 s. (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 Begirining balance 3 Add net income $ Subtract dividends Ending balance Partial Income Statement Year Ending 2017 Sales revenue S350,200 Cost of goods sold $141.800 Fixed costs $42.800 Selling, general, and administrative expenses $28.100 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 515 900 Notes payable $28,000 Accounts payable Accounts receivable $13.800 $18.900 $18,900 $190,100 $132.000 Accounts receivable. $28.000 Accounts payable Inventories $48,200 Long-term debt Fixed assets $368,200 OWNERS' EQUITY Accumulated depreciation (1) $142,100 Retained earnings Intangible assets $82.000 Commen 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 S19.000 Accounts payable $52 800 Long-tem debt Inventones $12 100 S2000 5162.000