Exercise $4-15($Algo$)$ Calculate retained earnings LO $4-3$

On February $1,2022,$ the balance of the retained earnings account of Blue Power Corporation was $$441,000.$ Revenues for February

totaled $$86,100,$ of which $$80,500$ was collected in cash. Expenses for February totaled $$196,500,$ of which $$162,000$ was paid in

cash. Dividends declared and paid during February were $$18,000.$

Required:

Calculate the retained earnings balance at February $28,2022.$

Note: Amounts to be deducted should be indicated with a minus sign.