Statement of Retained Earnings Queen Corporation has been in business for many years. Retained earnings on January 1, 2016, is $247,800. The following information is available for the first two months of 2016: 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 29, 2016. Queen Corporation Statement of Retained Earnings For the Month Ended February 29, 2016 $