Question: i need help with the distributed earnings, then i need the net income and retained earnings from 2017 Homework: P2 (Financial Statements) Question 6, P2-9

i need help with the distributed earnings, then i need the net income and retained earnings from 2017  i need help with the distributed earnings, then i need the
net income and retained earnings from 2017 Homework: P2 (Financial Statements) Question
6, P2-9 (similar to) Part 1 of 2 HW Score: 77.5%, 6.2

Homework: P2 (Financial Statements) Question 6, P2-9 (similar to) Part 1 of 2 HW Score: 77.5%, 6.2 of 8 points Points: 0.2 of 1 Save Statement of retained earnings. Use the data from the following financial statements in the popup window. The company paid interest expense of $17,500 for 2017 and had an overal 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 $. (Round to the nearest dollar) ome HW Score: 77.5%. 6.2 of 8 tate Data table ent on d had tribute Partial Income Statement Year Ending 2017 Sales revenue $350,100 Cost of goods sold $141,800 Fixed costs $42,800 Selling, general, and administrative expenses $28,200 Depreciation $45,800 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $16,200 Notes payable Accounts receivable $27,800 Accounts payable Inventories $48,000 Long-term debt Fixed assets $368.100 OWNERS' EQUITY Accumulated depreciation (-) $141,200 Retained earnings Intangible assets $81,900 Common stock $14,200 $19,100 $189.800 $132,000 in ASSETS Cash Accounts receivable to copy its contents into a spreadsheet Partial Balance Sheet 12/31/2017 LIABILITIES $25,900 Notes payable $18,800 Accounts payable $52,800 Long-term debt $447,900 OWNERS' EQUITY Retained earnings $82,000 Common stock $11,800 $23,800 Inventories $161.800 Fixed assets Accumulated depreciation (-) Intangible assets $181.800

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