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Statement of retained earnings. Use the data from the following financial statements in the popup window, E. The company paid interest expense of $17,400 for

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Statement of retained earnings. Use the data from the following financial statements in the popup window, E. The company paid interest expense of $17,400 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.) $13,8001 $19,000 $190, 100 Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $142,000 Fixed costs $42,800 Selling, general, and administrative expenses $28, 1001 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 $27,800 Accounts payable Inventories $48,000 Long-term debt Fixed assets $368,000 OWNERS' EQUITY Accumulated depreciation (-) $141,800 Retained earnings Intangible assets $81,900 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 $26,000 Notes payable Accounts receivable $18,900 Accounts payable Inventories $53,200 Long-term debt Fixed assets $448,000 OWNERS' EQUITY Accumulated depreciation (-) Retained earnings Intangible assets $81,800 Common stock $131,8001 $11,900 $24,200 $162, 1001 $181,800

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