Statement of retained earnings. Use the data from the following financial statements in the popup window, EE The company paid interest expense of $18,900 for 2014 and had an overall tax rate of 40% for 2014. Complete the statement of retained earnings for 2014, and determine the dividends paid last year. The distributed earnings is $ . (Round to the nearest dollar.) Partial Income Statement Year Ending 2014 Sales revenue $350,000 Cost of goods sold $141,900 Fixed costs $43,100 Selling, general, and administrative expenses $28,200 Depreciation $46,000 ASSETS Cash $13,900 $18,900 Accounts receivable Partial Balance Sheet 12/31/2013 LIABILITIES $16,100 Notes payable $27,900 Accounts payable $47,900 Long-term debt $368,100 OWNERS' EQUITY $142,800 Retained earnings $81,800 Common stock Inventories $190,000 Fixed assets Accumulated depreciation (-) Intangible assets $131,900 ASSETS Cash Accounts receivable Partial Balance Sheet 12/31/2014 LIABILITIES $26,000 Notes payable $18,900 Accounts payable $53,000 Long-term debt $447,900 OWNERS' EQUITY Retained earnings $81,800 Common stock $12,100 $24,000 $161.800 Inventories Fixed assets Accumulated depreciation (-) Intangible assets $181,900 Complete the statement of retained earnings: (Round to the nearest dollar.) Statement of Retained Earnings Year Ending December 31, 2014 Beginning balance Add net income Subtract dividends Ending balance