Use the data from the following financial statements.

The company paid interest expense of $17100 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.

Distributed earnings is:

Beginning balance is:

Add net income:

Subtract dividends:

Ending balance is:

Partial Income Statement Year Ending 2017 Sales revenue $349,900 $141,800 $43,200 Cost of goods sold Fixed costs Selling, general, and administrative expenses Depreciation $27,900 $46,200 Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $13,800 $19,200 Accounts receivable $189,800 Inventories Fixed assets Accumulated depreciation (-) $15,800 Notes payable $27,800 Accounts payable $48,200 Long-term debt $368, 100 OWNERS' EQUITY $141,500 Retained earnings $82,100 Common stock Intangible assets $131,900 Partial Balance Sheet 12/31/2017 ASSETS Cash $12,200 Accounts receivable LIABILITIES $26,200 Notes payable $19,200 Accounts payable $52,800 Long-term debt $448,000 OWNERS' EQUITY Retained earnings $81,800 Common stock $23,900 $162,200 Inventories Fixed assets Accumulated depreciation (-) Intangible assets $181,900