Statement of retained earnings. Use the data from the following financial statements in the popup window, $.$ The company paid interest expense of $$18,500$ for $2017$ 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$)$

$\backslash$table$[[$Partial Income Statement Year Ending $2017],[$Sales revenue,$$349,900$