Statement of retained earnings.Use the data from the following financial statements in the popup window,

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. The company paid interest expense of

$ 17 comma 400$17,400

for 2014 and had an overall tax rate of

40 %40%

for 2014. Complete the statement of retained earnings for 2014, and determine the dividends paid last year.

The distributed earnings is

$nothing.

(Round to the nearest dollar.)

Data Table

Partial Income Statement Year Ending 2014
Sales revenue	$349,900
Cost of goods sold	$142,000
Fixed costs	$43,200
Selling, general, and administrative expenses	$28,000
Depreciation	$46,100

Partial Balance Sheet 12/31/2013
ASSETS		LIABILITIES
Cash	$16,000	Notes payable	$14,200
Accounts receivable	$27,900	Accounts payable	$19,100
Inventories	$47,900	Long-term debt	$190,000
Fixed assets	$367,800	OWNERS' EQUITY
Accumulated depreciation (-)	$141,200	Retained earnings
Intangible assets	$81,800	Common stock	$131,900

Partial Balance Sheet 12/31/2014
ASSETS		LIABILITIES
Cash	$26,100	Notes payable	$12,000
Accounts receivable	$19,000	Accounts payable	$23,800
Inventories	$53,200	Long-term debt	$161,900
Fixed assets	$448,100	OWNERS' EQUITY
Accumulated depreciation (-)		Retained earnings
Intangible assets	$82,000	Common stock	$181,800