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On February 1, 2022, the balance of the retained earnings account of Blue Power Corporation was $819,000. Revenues for February totaled $159,900, of which $149,500
On February 1, 2022, the balance of the retained earnings account of Blue Power Corporation was $819,000. Revenues for February totaled $159,900, of which $149,500 was collected in cash. Expenses for February totaled $117,900, of which $97,200 was paid in cash. Dividends declared and paid during February were $10,800. Required: Calculate the retained earnings balance at February 28, 2022. Note: Amounts to be deducted should be indicated with a minus sign
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