(Solved): Statement of retained earnings. Use the data from the following financial statements in the popup w ...

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 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.) Data table (Click on the following icon \( \square \) in order tn canw its contente inte a snraadehent.) (Click on the following icon \( \square \) in order to cnev its contents into a soreadeheet.)