Statements) Question 6, P2-9 (similar to) Part 1 of 2 HW Score: 62.28%, 4.98 of 8 points Points: 0 of 1 Statement of retained
Statements) Question 6, P2-9 (similar to) Part 1 of 2 HW Score: 62.28%, 4.98 of 8 points Points: 0 of 1 Statement of retained earnings. Use the data from the following financial statements in the popup window, The company paid interest expense of $18,200 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 ye The distributed earnings is $ (Round to the nearest dollar.) Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Iome Statement Year Ending 2017 Sales revenue $350,100 Cost of goods sold $142,000 Fixed costs $43,100 Salling, general, and administrative expenses Depreciation $28,200 $46,200 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS Cash LIABILITIES $16,000 Notes payable $14,200 Accounts receivable $27,900 Accounts payable $18,900 Inventories $48,000 Long-term debt $190,200 Fixed assets $368,000 OWNERS' EQUITY Accumulated depreciation (-) $140,100 Retained earnings Intangible assets $81,900 Common stock $131,900 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS Cash Accounts receivable LIABILITIES $26,000 Notes payable $19,200 Accounts payable $12,000 $24,000 Inventories $53,000 Long-term debt $161,800 Fixed assots $448,200 OWNERS' EQUITY Accumulated depreciation (-) Retained eamings Intangible assets $81,800 Common stock $181,900 Print Done
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