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

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.