Cash flow to owners. Use the data from the following financial statements in the popup window, The company paid interest expense of $18,300 for 2017and had an overall tax rate of 40 %for 2017. Find the cash flow to owners for 2017 by parts and total, with the parts being dividends paid and increases in borrowing from owners(change in common stock and paid-in-surplus).The distributed earnings is $___

 

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Data Table (Click on the following icon e in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue Cost of goods sold $350,100 $141,800 $43,100 Fixed costs Selling, general, and administrative expenses $28,200 Depreciation $46,100 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS Cash Accounts receivable Inventories LIABILITIES $16,000 Notes payable $14,000 $28,200 Accounts payable $48,100 Long-term debt $19,100 $189,800 Fixed assets Accumulated depreciation Intangible assets $368,000 OWNERS' EQUITY $140,700 Retained earnings $82,100 Common stock $131,800 (Click on the following icon a in order to copy its contents into a spreadsheet.) Print Done Data Table (Click on the following icon e in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue Cost of goods sold $350,100 $141,800 $43,100 Fixed costs Selling, general, and administrative expenses $28,200 Depreciation $46,100 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS Cash Accounts receivable Inventories LIABILITIES $16,000 Notes payable $14,000 $28,200 Accounts payable $48,100 Long-term debt $19,100 $189,800 Fixed assets Accumulated depreciation Intangible assets $368,000 OWNERS' EQUITY $140,700 Retained earnings $82,100 Common stock $131,800 (Click on the following icon a in order to copy its contents into a spreadsheet.) Print Done

Answer rating: 100% (QA)

Retained earnings as on 12312016 16000282004810036800014070082100140001910018980013180... View the full answer