On february 1 2010 the balance of the retained earnings

Reference no: EM13599853

On February 1, 2010, the balance of the retained earnings account of Blue Power Corporation was $567,000. Revenues for February totaled $110,700, of which $103,500 was collected in cash. Expenses for February totaled $65,500, of which $54,000 was paid in cash. Dividends declared and paid during February were $6,000.

Calculate the retained earnings balance at February 28, 2010.

Reference no: EM13599853

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