Statement of retained earnings. Use the data from the following financial statements in the popup window, B. The company paid interest expense of $18,900 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.) Complete the statement of retained earnings: (Round to the nearest dollar.) Statement of Retained Earnings Year Ending December 31, 2017 Beginning balance Add net income Subtract dividends $ $ $ Ending balance Data Table 101 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $349,900 Cost of goods sold $141,800 Fixed costs $42,900 Selling, general, and administrative expenses Depreciation $28,100 $46,100 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $14,100 Accounts receivable $16,200 Notes payable $27,900 Accounts payable $48,100 Long-term debt $18,800 Inventories $190,000 Fixed assets $368,000 OWNERS' EQUITY Accumulated depreciation (-) $143,300 Retained earnings $82,000 Common stock Intangible assets $131,800 (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 $18,900 Accounts payable Accounts receivable $11,800 $23,900 $162,000 Inventories $52,800 Long-term debt $448,000 OWNERS' EQUITY Fixed assets Accumulated depreciation (-) Retained earnings Intangible assets $82,000 Common stock $182,000 Print Done