Ace Corporation has been business for many years. Retained earnings on January 1, 2016, is $235,800. The following information is available for the first two months of 2016: January February Labels and Amount Descriptions Revenues $83,000 $96,000 Labels Expenses 89,000 81,000 Dividends paid 0 6,000 For the Month Ended February 29, 2016 February 29, 2016 Amount Descriptions Required: Prepare a statement of retained earnings for the month ended February 29, 2016. Dividends for the month Net income Statement of Retained Earnings Statement of Retained Earnings Instructions Net loss Retained earnings, beginning of month Retained earnings, end of month Ace Corporation Statement of Retained Earnings (Label) 2 3