Use the data from the following financial statements in the popup window, The company paid interest expense of $19,000

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 ??? <-----(PLEASE ANSWER THIS)

Partial Income Statement Year Ending 2017
Sales revenue	$349,800
Cost of goods sold	$141,900
Fixed costs	$43,000
Selling, general, and administrative expenses	$28,000
Depreciation	$46,100

Partial Balance Sheet 12/31/2016
ASSETS		LIABILITIES
Cash	$16,100	Notes payable	$13,900
Accounts receivable	$28,200	Accounts payable	$19,100
Inventories	$47,800	Long-term debt	$190,000
Fixed assets	$368,000	OWNERS' EQUITY
Accumulated depreciation (-)	$140,600	Retained earnings
Intangible assets	$82,000	Common stock	$132,000

Partial Balance Sheet 12/31/2017
ASSETS		LIABILITIES
Cash	$25,900	Notes payable	$11,800
Accounts receivable	$19,100	Accounts payable	$24,000
Inventories	$53,200	Long-term debt	$162,200
Fixed assets	$448,100	OWNERS' EQUITY
Accumulated depreciation (-)		Retained earnings
Intangible assets	$81,800	Common stock	$181,800