Use the data from the following financial statements in the popup window. The company paid interest expense of $17,700 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.

(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 $141,900 Fixed costs $43,100 Selling, general, and administrative expenses $28,100 Depreciation $46,200 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 LIABILITIES ASSETS Cash $14,200 $19,100 Accounts receivable Inventories $190,200 $15,800 Notes payable $28,000 Accounts payable $48,200 Long-term debt $367,800 OWNERS' EQUITY $140,200 Retained earnings $82,100 Common stock Fixed assets Accumulated depreciation (-) Intangible assets $132,000 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 LIABILITIES ASSETS Cash $12,200 $23,800 $161,800 Accounts receivable Inventories Fixed assets Accumulated depreciation (-) Intangible assets $25,900 Notes payable $19,100 Accounts payable $52,800 Long-term debt $447,900 OWNERS' EQUITY Retained earnings $81,900 Common stock $182,000