Homework: Chapter 1 & 2 Homework Question 13, B2- 9 (book/static) Part 2 of 2 > HW Score: 92.86%, 13 of 14 points Points: 0 of 1 Save The Statement of retained earnings. Use the data from the following financial statements in the popup window, company paid interest expense of $18,000 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 $ 30,000. (Round to the nearest dollar.) Complete the statement of retained earnings: (Round to the nearest dollar.) Statement of Retained Earnings Year Ending December 31, 2017 Beginning balance $ Add net income $ Subtract dividends $ Ending balance $ HW Score: Question 12 RO. Data table Sta (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 con of Jent Sales revenue $350,000 Cost of goods sold $140,000 The Fixed costs $43,000 $28,000 Cor Selling, general, and administrative expenses Depreciation $46,000 (Click on the following icon e in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $14,000 $16,000 Notes payable $28,000 Accounts payable Accounts receivable $19,000 Inventories $48,000 Long-term debt $190,000 Fixed assets $368,000 OWNERS' EQUITY Accumulated depreciation (-) $142,000 Retained earnings $82,000 Common stock Intangible assets $130,000 Print Done HW Score: Question 12 R2_ Data table Sta ASSETS LIABILITIES lent con of r Cash $14,000 $16,000 Notes payable $28,000 Accounts payable Accounts receivable $19,000 Inventories $48,000 Long-term debt $190,000 The Fixed assets $368,000 OWNERS' EQUITY Accumulated depreciation (-) $142,000 Retained earnings Cor Intangible assets $82,000 Common stock $130,000 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $12,000 $26,000 Notes payable $19,000 Accounts payable Accounts receivable $24,000 Inventories $53,000 Long-term debt $162,000 Fixed assets $448,000 OWNERS' EQUITY Accumulated depreciation (-) Retained earnings $82,000 Common stock Intangible assets $180,000 Print Done