The company paid interest expense of $18,000 for 2017 and had an overall tax rate of 40% for 2017. Complete the statement of Statement of retained earnings. Use the data from the following financial statements in the popup window, B: retained earnings for 2017 and determine the dividends paid last year. The distributed earnings is $ 30000. (Round to the nearest dollar.) Complete the statement of retained earnings: (Round to the nearest dollar.) Statement of Retained Earnings Year Ending December 31, 2017 Beginning balance Add net income Subtract dividends Ending balance (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $140,000 Fixed costs $43,000 Selling, general, and administrative expenses Depreciation $28,000 $46,000 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $16,000 Notes payable $14,000 Accounts receivable $28,000 Accounts payable $19,000 Inventories $48,000 Long-term debt $190,000 Fixed assets $368,000 OWNERS' EQUITY Accumulated depreciation (-) $142,000 Retained earnings Intangible assets $82,000 Common stock $130,000 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $26,000 Notes payable $12,000 Accounts receivable $24,000 Inventories $19,000 Accounts payable $53,000 Long-term debt $448,000 OWNERS' EQUITY $162,000 Fixed assets Accumulated depreciation (-) Retained earnings Intangible assets $82,000 Common stock $180,000