Calculate the retained earnings balance

Reference no: EM13259065

On February 1, 2010, the balance of the retained earnings account of Blue Power Corp. was $630,000. Revenues for Feb. totaled $123,000 , of which $115,000 was collected cash. Expenses for Feb. totaled $131,000, of which $108,000 was paid in cash. Dividends declared and paid during Feb were $12,000.

Calculate the retained earnings balance at Feb. 28. 2010.

Reference no: EM13259065

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