Statement of retained earnings. Use the data from the following financial statements in the popup window, . The company paid interest expense of $18,700 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 in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $350,200 Cost of goods sold $141,800 Fixed costs $42,900 Selling, general, and administrative expenses $27,800 Depreciation $46,200 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS Cash LIABILITIES $15,900 Notes payable $13,800 Accounts receivable $28,100 Accounts payable $18,900 Inventories $48,000 Long-term debt $190,200 Fixed assets $368,000 OWNERS' EQUITY Accumulated depreciation (-) $143,400 Retained earnings Intangible assets $81,800 Common stock $131,900 (Click on the following icon ☐ in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS Cash LIABILITIES $25,900 Notes payable $12,100 Accounts receivable $19,100 Accounts payable $23,800 Inventories $52,800 Long-term debt $161,900 Fixed assets $448,100 OWNERS' EQUITY Accumulated depreciation (-) Intangible assets Retained earnings $82,200 Common stock $181,900 Print Done - ☑
Statement of retained earnings. Use the data from the following financial statements in the popup window, . The company paid interest expense of $18,700 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 in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $350,200 Cost of goods sold $141,800 Fixed costs $42,900 Selling, general, and administrative expenses $27,800 Depreciation $46,200 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS Cash LIABILITIES $15,900 Notes payable $13,800 Accounts receivable $28,100 Accounts payable $18,900 Inventories $48,000 Long-term debt $190,200 Fixed assets $368,000 OWNERS' EQUITY Accumulated depreciation (-) $143,400 Retained earnings Intangible assets $81,800 Common stock $131,900 (Click on the following icon ☐ in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS Cash LIABILITIES $25,900 Notes payable $12,100 Accounts receivable $19,100 Accounts payable $23,800 Inventories $52,800 Long-term debt $161,900 Fixed assets $448,100 OWNERS' EQUITY Accumulated depreciation (-) Intangible assets Retained earnings $82,200 Common stock $181,900 Print Done - ☑
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
am. 119.
Transcribed Image Text:Statement of retained earnings. Use the data from the following financial statements in the popup window,
. The company paid interest expense of $18,700 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 in order to copy its contents into a spreadsheet.)
Partial Income Statement Year Ending 2017
Sales revenue
$350,200
Cost of goods sold
$141,800
Fixed costs
$42,900
Selling, general, and administrative expenses
$27,800
Depreciation
$46,200
(Click on the following icon in order to copy its contents into a spreadsheet.)
Partial Balance Sheet 12/31/2016
ASSETS
Cash
LIABILITIES
$15,900 Notes payable
$13,800
Accounts receivable
$28,100 Accounts payable
$18,900
Inventories
$48,000 Long-term debt
$190,200
Fixed assets
$368,000 OWNERS' EQUITY
Accumulated depreciation (-)
$143,400 Retained earnings
Intangible assets
$81,800 Common stock
$131,900
(Click on the following icon ☐ in order to copy its contents into a spreadsheet.)
Partial Balance Sheet 12/31/2017
ASSETS
Cash
LIABILITIES
$25,900 Notes payable
$12,100
Accounts receivable
$19,100 Accounts payable
$23,800
Inventories
$52,800 Long-term debt
$161,900
Fixed assets
$448,100 OWNERS' EQUITY
Accumulated depreciation (-)
Intangible assets
Retained earnings
$82,200 Common stock
$181,900
Print
Done
-
☑
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