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 \$ (Round to the nearest dollar.) Data table (Click on the following icon in order to copy its contents into a spreadsheet.) \begin{tabular}{|l|r|l|r|} \hline ASSE IS & & LIABILIIIES & \\ \hline Cash & $16,000 & Notes payable & $14,000 \\ Accounts receivable & $28,100 & Accounts payable & $18,800 \\ Inventories & $48,100 & Long-term debt & $190,100 \\ \cline { 2 - 3 } Fixed assets & $367,800 & OWNERS' EQUITY & \\ \cline { 2 - 3 } Accumulated depreciation (-) & $142,800 & Retained earnings & \\ Intangible assets & $82,000 & Common stock & $132,000 \\ \hline \end{tabular} (Click on the following icon in order to copy its contents into a spreadsheet.) \begin{tabular}{|l|r|l|r|} \hline \multicolumn{3}{|c|}{ Partial Balance Sheet 12/31/2017 } \\ \hline ASSETS & & LIABILITIES & \\ \hline Cash & $25,800 & Notes payable & $11,800 \\ Accounts receivable & $19,000 & Accounts payable & $24,000 \\ Inventories & $53,100 & Long-term debt & $162,000 \\ \cline { 2 - 3 } Fixed assets & $448,200 & OWNERS' EQUITY & \\ \cline { 2 - 4 } Accumulated depreciation () & & Retained earnings & \\ Intangible assets & $81,900 & Common stock & $182,000 \end{tabular}