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Statement of retained earnings. Use the data from the following financial statements in the popup window, BB. The company paid interest expense of $18,800 for
Statement of retained earnings. Use the data from the following financial statements in the popup window, BB. The company paid interest expense of $18,800 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.) Partial Income Statement Year Ending 2017 Sales revenue $350,200 Cost of goods sold $141,900 Fixed costs $42,900 Selling, general, and administrative expenses $28,200 Depreciation $45,900 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $16,100 Notes payable Accounts receivable $27,800 Accounts payable Inventories $48,200 Long-term debt Fixed assets $368,100 OWNERS' EQUITY Accumulated depreciation (-) $140,000 Retained earnings Intangible assets $82,200 Common stock $13,800 $19,000 $190,200 $131,900 Partial Balance Sheet 12/31/2017 | BILITIES ASSETS Cash Accounts receivable $12,200 $23,900 $162,200 Inventories $26,200 Notes payable $19,000 Accounts payable $53,200 Long-term debt $448,000 OWNERS' EQUITY Retained earnings $82,100 Common stock Fixed assets Accumulated depreciation (-) Intangible assets $181,900
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