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Statement of retained earnings. Use the data from the following financial statements in the popup window. The company paid interest expense of $19.000 for 2017

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Statement of retained earnings. Use the data from the following financial statements in the popup window. The company paid interest expense of $19.000 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 eamings is $ 27900 Round to the nearest dolar) Complete the statement of retained namings (Round to the nearest dar Stament of Retained Earings Your Ending December 31, 2017 eginning balance Add income Subtract dividends Ending balance S h O mi Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue Cost of goods sold Fixed costs Selling, general, and administrative expenses Depreciation (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $15,800 Notes payable Accounts receivable $28,200 Accounts payable Inventories $48,200 Long-term debt Fixed assets $367,800 OWNERS' EQUITY Accumulated depreciation (-) $142,000 Retained earnings Intangible assets $81,800 Common stock (Click on the following icon in order to copy its contents into a spreadsheet.) $350,000 $141,900 $43,000 $28,000 $46,100 $14,000 $19,200 $190,200 $131,900 X ax rate Data table Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $15,800 Notes payable Accounts receivable $28.200 Accounts payable Inventories $48,200 Long-term debt Fixed assets $367,800 OWNERS' EQUITY Accumulated depreciation (-) $142,000 Retained earnings Intangible assets $81,800 Common stock (Click on the following icon in order to copy its contents into a spreadsheet) Fertial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $25,800 Notes payable Accounts receivable $19,100 Accounts payable Inventories $52,800 Long-term debt Fixed assets $448,100 OWNERS' EQUITY Accumulated depreciation (-) Retained earnings Intangible assets $81,900 Common stock $14,000 $19,200 $190,200 $131,900 $11,900 $23,900 $162,000 $182,000 X x rate of 40%

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