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Blossom Corporation reported retained earnings of ( $ 7600000 ) at December 31,2023 . In 2024 , the company earned ( $ 3 ) million
Blossom Corporation reported retained earnings of \\( \\$ 7600000 \\) at December 31,2023 . In 2024 , the company earned \\( \\$ 3 \\) million of profit and declared and paid a \\( \\$ 410000 \\) cash dividend. On March 7, 2024, Blossom found an error made in 2023 when it purchased land: the \\( \\$ 410000 \\) cost of the land was debited to Legal Expense in error. Blossom's income tax rate is \30. Which of the following would be recorded to correct for the error made in 2023 ? credit to Land for \\( \\$ 410000 \\) debit to Land for \\( \\$ 287000 \\) credit to Land for \\( \\$ 287000 \\) debit to Land for \\( \\$ 410000 \\)
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