On February 1, 2022, the balance of the retained earnings account of Blue Power Corporation was $504,000. Revenues for February totaled $98,400, of which $92,000 was collected in cash. Expenses for February totaled $131,000, of which $108,000 was paid in cash. Dividends declared and paid during February were $12,000. 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 Dividends 0 Balance, February 28, 2022 $ 0