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 $630,000. Revenues for February totaled $123,000, of which $115,000 was collected in cash. Expenses for February totaled $157,200, of which $129,600 was paid in cash. Dividends declared and paid during February were $14,400. 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 0 Dividends Balance, February 28, 2022 $ 0 I Prev 1 of 1 Next