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Use the data from the following financial statements shown below. The company paid interest expense of $17,600 for 2014 and had an overall tax rate
Use the data from the following financial statements shown below. The company paid interest expense of $17,600 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.
Intangible Assets: $81,800 Common Stock: $132,000
Partial Income Statement Year Ending 2014 Sales revenue Cost of goods sold Fixed costs Selling, general, and administrative expenses Depreciation $349,900 $141,900 $43,200 $27,800 Save Accounting Table.. Copy to Clipboard... Partial Balance Sheet 12/31/2013 ASSETS Cash Accounts receivable Inventories ixed assetS Accumulated depreciation (-) LIABILITIES $16,200 Notes payable $27,900 Accounts payable $48,200 Long-term debt $14,000 $19,100 $190,000 $368,100 OWNERS' EQUITY $140,000 Retained earningsStep by Step Solution
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