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thank you! show work please Homework: P2 (Financial Statements) Save Score: 0 of 1 pt 6 of 8 (5 complete) HW Score: 58.29%, 4.66 of
thank you! show work please
Homework: P2 (Financial Statements) Save Score: 0 of 1 pt 6 of 8 (5 complete) HW Score: 58.29%, 4.66 of ... P2-9 (similar to) Question Help Statement of retained earnings. Use the data from the following financial statements in the popup window, The company paid interest expense of $17,400 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) Enter your answer in the answer box and then click Check Answer 1 part remaining Clear All Check Answers CHICK ON Me Town we order w copy is corrents mo a spreausee) Partial Income Statement Year Ending 2017 Sales revenue $349,900 Cost of goods sold $141,800 Fixed costs $42,900 Selling, general, and administrative expenses $27,800 Depreciation $46,100 (Click on the following icon in order to copy its contents into a spreadsheet) Partial Balance Sherit 12/31/2016 ASSETS LIABILITIES Cash $16,000 Notes payable Accounts receivable $27.900 Accounts payable Inventories $47,900 Long-term debt Fbced assets $368,100 OWNERS' EQUITY $14,000 $19,000 $190,100 EN $14,000 $19,000 $190,100 Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $16,000 Notes payable Accounts receivable $27,900 Accounts payable Inventories $47,900 Long-term debt Fixed assets $368,100 OWNERS' EQUITY Accumulated depreciation - $140,300 Retained earnings Intangible assets $81.800 Common stock (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $26,100 Notes payable Accounts receivable $18,800 Accounts payable Inventories $53,200 Long-term debt ER $132.000 $12.000 $24,100 $161.900 Data Table $19,000 $190, 100 $132,000 Accounts receivable $27,900 Accounts payable Inventories $47,900 Long-term debt Fixed assets $368,100 OWNERS' EQUITY Accumulated depreciation (-) $140,300 Retained earnings Intangible assets $81,800 Common stock (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $26,100 Notes payable Accounts receivable $18,800 Accounts payable Inventories $53,200 Long-term debt Fixed assets $447,900 OWNERS' EQUITY Accumulated depreciation (-) Retained earnings Intangible assets $81,800 Common stock $12.000 $24.100 $161.900 $181,900 Step by Step Solution
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