Statement of retained earnings. Use the data from the following financial statements in the popup window, The company paid interest expense of $17400 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.)

Complete the statement of retained earnings:____(Round to the nearest dollar.)

Partial Income Statement Year Ending 2017 Sales revenue Cost of goods sold Fixed costs Selling, general, and administrative expenses Depreciation $349,800 $141,900 $43,100 $28,200 $46,200 Partial Balance Sheet 12/31/2016 ASSETS Cash Accounts receivable nventories Fixed assets Accumulated depreciation Intangible assets LIABILITIES $15,900 Notes payable $27,900 Accounts payable $47,800 Long-term debt $367,900 OWNERS' EQUITY $13,800 $19,200 $189,800 $141,000 Retained earnings $82,200 Common stock $132,000 Partial Balance Sheet 12/31/2017 ASSETS Cash Accounts receivable Inventories Fixed assets Accumulated depreciation (-) Intangible assets LIABILITIES $25,800 Notes payable $18,800 Accounts payable $52,800 Long-term debt $12,100 $24,100 $161,800 $448,100 OWNERS EQUITY Retained earnings $82,000 Common stock $181,900