1. Jackson, Inc. has been in business for many years. Retained earnings on January 1, 2017, is $215,800. The following information is available for the first two months of 2017:

   	January			February
   Revenues	$83,000			$96,000
   Expenses	89,000			82,000
   Dividends paid	0			5,000

   Required:

   Prepare a statement of retained earnings for the month ended February 28, 2017.

   Jackson, Inc.
   Statement of Retained Earnings
   For the Month Ended February 28, 2017
   	$
   	$

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