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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 $18.000 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 $18.000 for 2017 and had an overal tax rate of 40% for 2017. Complete the statement of retained earnings for 2017 and determine the dividends paid last year Data Table The durbed earrings is $. (Round to the nearest dollar) Partial income Smart Year Ending 2017 Sales revenue $350.000 Cost of goods sold $140,000 $43.000 Selling general, and administrative expenses SO Depreciation $45.000 (Click on the following on in order to cosy its contents into a spreadsheet Partial Balance Sheet 12/01/2016 ASSETS LIABILITIES $16.000 Nos payable Accounts receivable $28.000 Accounts payable inventories $48,000 Long-term det 5368.000 OWNERS' EQUITY Accumulated depreciation (-) $142.000 Metained cogs nang beses $82,000 Commons $14.000 10.000 $190.000 Enter your answer in the answer box and then click Check Answer $130,000 $14,000 $19,000 $190,000 $130,000 Cash $16,000 Notes payable Accounts receivable $28,000 Accounts payable Inventories $48,000 Long-term debt Fixed assets $368,000 OWNERS' EQUITY Accumulated depreciation (-) $142,000 Retained earnings Intangible assets $82,000 Common stock icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $26,000 Notes payable Accounts receivable $19,000 Accounts payable Inventories $53,000 Long-term debt Fixed assets $448,000 OWNERS' EQUITY Accumulated depreciation (-) Retained earnings Intangible assets $82,000 Common stock $12,000 $24,000 $162,000 $180,000 UL-(UUUnstac) Question Help Statement of retained earnings. Use the data from the following financial statements in the popup window. The company paid interest expense of $18,000 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 earnings is $. (Round to the nearest dollar.)

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