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. Retained Earnings Balance, February 1, 2022 Revenues Expenses Net loss for February Dividends Balance, February 28, 2022