Carla Vista Corporation reported retained earnings of $7930000 at December 31, 2023. In 2024, the company earned $3 million of profit and declared and paid a $455000 cash dividend. On March 7, 2024, Carla Vista found an error made in 2023 when it purchased land: the $455000 cost of the land was debited to Legal Expense in error. Carla Vista's income tax rate is 30%. Which of the following would be recorded to correct for the error made in 2023?

1- credit to Land for $455000

2- debit to Land for $318500

3- credit to Land for $318500

4- debit to Land for $455000