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Partial Income Statement Year Ending 2014 Sales revenue $350,200 Cost of goods sold $141,800 Fixed costs...

Partial Income Statement Year Ending 2014

Sales revenue

$350,200

Cost of goods sold

$141,800

Fixed costs

$43,200

Selling, general, and administrative expenses

$28,100

Depreciation

$45,900

Partial Balance Sheet 12/31/2013

ASSETS

LIABILITIES

Cash

$15,900

Notes payable

$14,100

Accounts receivable

$27,900

Accounts payable

$18,900

Inventories

$48,000

Long-term debt

$190,100

Fixed assets

$368,000

OWNERS' EQUITY

Accumulated depreciation (-)

$141,500

Retained earnings

Intangible assets

$82,000

Common stock

$131,800

Partial Balance Sheet 12/31/2014

ASSETS

LIABILITIES

Cash

$26,200

Notes payable

$11,800

Accounts receivable

$18,900

Accounts payable

$24,100

Inventories

$52,800

Long-term debt

$162,000

Fixed assets

$447,800

OWNERS' EQUITY

Accumulated depreciation (-)

Retained earnings

Intangible assets

$81,800

Common stock

$182,000

The company paid interest expense of $18,300 for 2014 and had an overall tax rate of 40% for 2014. Complete the statement of retained earnings for? 2014, and determine the dividends paid last year.

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