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Statement of retained earnings. Use the data from the following financial statements in the popup window, E. The company paid interest expense of $18,400 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 $] (Round to the nearest dollar.) (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $141,800 Fixed costs $43,200 $27,800 Selling, general, and administrative expenses 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 $14,000 Accounts receivable $15,900 Notes payable $27,900 Accounts payable $47,900 Long-term debt $368,100 OWNERS' EQUITY Inventories $19,100 $190, 100 Fixed assets Accumulated depreciation (-) Intangible assets $140,000 Retained earnings $82,100 Common stock $131,800 E- spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $14,00 $15,900 Notes payable $27,900 Accounts payable Accounts receivable $19,100 Inventories $47,900 Long-term debt $190, 100 $368,100 OWNERS' EQUITY Fixed assets Accumulated depreciation (-) Intangible assets $140,000 Retained earnings $82,100 Common stock $131,800 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $26,000 Notes payable $12,100 Accounts receivable $18,800 Accounts payable $24,200 Inventories $53,100 Long-term debt $161,800 Fixed assets $447,800 OWNERS' EQUITY Accumulated depreciation (-) Retained earnings Intangible assets $82,000 Common stock $181,800 Print Done