Current Attempt in Progress The ledger of Cullumber Limited at October 31, 2024, contains the following summary data: Your analysis reveals the following additional information: 1. The company has a 25% income tax rate. 2. On March 19, 2024, Cullumber discovered an error made in the previous fiscal year. A$54,000 payment of a note payable had been recorded as interest expense. 3. On April 10, 2024, common shares costing $74,000 were reacquired for $98,000. This is the first time the company has reacquired common shares. Prepare a journal entry to correct the prior period error. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.)