The company paid interest expense of $18,600 for 2017 and had an overall tax rate of 40% for 2017. Statement of retained earnings. Use the data from the following financial statements in the popup window, Complete the statement of retained earnings for 2017, and determine the dividends paid last year. The distributed earnings is $ (Round to the nearest dollar.) Partial Income Statement Year Ending 2017 Sales revenue $349,800 Cost of goods sold $141,900 Fixed costs $42,800 $28,200 Selling, general, and administrative expenses Depreciation $45,900 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $15,800 Notes payable $28,100 Accounts payable $13,900 $19,000 Accounts receivable Inventories $48,200 Long-term debt $190, 100 Fixed assets $368,200 OWNERS' EQUITY Accumulated depreciation (-) $141.600 Retained earnings Accounts receivapie $20, 100 |Accounts payable $ 19,000 Inventories $190, 100 $48,200 Long-term debt $368,200 OWNERS' EQUITY Fixed assets Accumulated depreciation (-) Intangible assets $141,600 Retained earnings $81,900 Common stock $132,000 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $11,900 Accounts receivable $24,200 $26,100 Notes payable $19,000 Accounts payable $52,900 Long-term debt $448,000 OWNERS' EQUITY Inventories $162,200 Fixed assets Accumulated depreciation (-) Retained earnings Intangible assets $82,200|Common stock $181,800