The company paid interest expense of $17,400 for 2014 and had an overall tax rate of 40% for 2014. Complete the statement of retained earnings for 2014, and determine the dividends paid last year.

Partial Income Statement Year Ending 2014
Sales revenue	$349,800
Cost of goods sold	$141,900
Fixed costs	$43,100
Selling, general, and administrative expenses	$27,900
Depreciation	$46,000

Partial Balance Sheet 12/31/2013
ASSETS		LIABILITIES
Cash	$16,200	Notes payable	$14,200
Accounts receivable	$27,900	Accounts payable	$18,900
Inventories	$48,200	Long-term debt	$190,000
Fixed assets	$368,000	OWNERS' EQUITY
Accumulated depreciation (-)	$143,200	Retained earnings
Intangible assets	$82,200	Common stock	$132,000

Partial Balance Sheet 12/31/2014
ASSETS		LIABILITIES
Cash	$26,000	Notes payable	$11,900
Accounts receivable	$19,100	Accounts payable	$24,000
Inventories	$53,200	Long-term debt	$162,000
Fixed assets	$448,100	OWNERS' EQUITY
Accumulated depreciation (-)		Retained earnings
Intangible assets	$81,800	Common stock	$182,000