On February 1, 2022, the balance of the retained earnings account of Blue Power Corporation was...

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On February 1, 2022, the balance of the retained earnings account of Blue Power Corporation was $132,000. Revenues for February totaled $47,000, of which $41,500 was collected in cash. Expenses for February totaled $54,000, of which $38,400 was paid in cash. Dividends declared and paid during February were $4,000. Required: Calculate the retained earnings balance at February 28, 2022. Note: Amounts to be deducted should be indicated with a minus sign. Retained Earnings Balance, February 1, 2022 Revenues Expenses Net loss for February Dividends Balance, February 28, 2022 On February 1, 2022, the balance of the retained earnings account of Blue Power Corporation was $132,000. Revenues for February totaled $47,000, of which $41,500 was collected in cash. Expenses for February totaled $54,000, of which $38,400 was paid in cash. Dividends declared and paid during February were $4,000. Required: Calculate the retained earnings balance at February 28, 2022. Note: Amounts to be deducted should be indicated with a minus sign. Retained Earnings Balance, February 1, 2022 Revenues Expenses Net loss for February Dividends Balance, February 28, 2022