Statement of retained earnings. Use the data from the following financial statements in the popup window. . The company paid interest expense of $17,200 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 o 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 $43,000 $28,000 Selling, general, and administrative expenses Depreciation $46,100 (Click on the following icon 2 in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash Accounts receivable $13,800 $19,000 $190,200 Inventories $15,800 Notes payable $27,900 Accounts payable $48,100 Long-term debt $367,800 OWNERS' EQUITY $140,300 Retained earnings $81,800 Common stock Fixed assets Accumulated depreciation (-) Intangible assets $131,900 (Click on the following icon o in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash Accounts receivable $25,900 Notes payable $19,000 Accounts payable $52,900 Long-term debt $448,200 OWNERS' EQUITY $12,100 $24,200 $161,900 Inventories Fixed assets Accumulated depreciation (-) Retained earnings Statement of retained earnings. Use the data from the following financial statements in the popup window. . The company paid interest expense of $17,200 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 o 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 $43,000 $28,000 Selling, general, and administrative expenses Depreciation $46,100 (Click on the following icon 2 in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash Accounts receivable $13,800 $19,000 $190,200 Inventories $15,800 Notes payable $27,900 Accounts payable $48,100 Long-term debt $367,800 OWNERS' EQUITY $140,300 Retained earnings $81,800 Common stock Fixed assets Accumulated depreciation (-) Intangible assets $131,900 (Click on the following icon o in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash Accounts receivable $25,900 Notes payable $19,000 Accounts payable $52,900 Long-term debt $448,200 OWNERS' EQUITY $12,100 $24,200 $161,900 Inventories Fixed assets Accumulated depreciation (-) Retained earnings
