Current Attempt in Progress The ledger of Oriole Limited at October 31, 2024, contains the following summary data: Cash dividends-common $120,000 Operating expenses $926,000 Common shares 645,000 Interest expense 55,000 Depreciation expense 92,000 Retained earnings, November 1, 2023 570,000 Service revenue 1,466,000 Your analysis reveals the following additional information: 1. The company has a 25% income tax rate. 2. On March 19, 2024, Oriole discovered an error made in the previous fiscal year. A $56,000 payment of a note payable had been recorded as interest expense. 3. On April 10, 2024, common shares costing $76,000 were reacquired for $100,000. 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.) Date Account Titles Mar. 19, 2024 Question Part Score Debit Credit --/4 Prepare the journal entry to record the reacquisition of common shares. (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 O for the amounts List all debit entries before credit entries.) Date Apr. 10, 2024 Account Titles Debit Credit Question Part Score Calculate profit for the year ended October 31, 2024. Profit $ Question Part Score retained earnings first) Q Search ORIOLE LIMITED Statement of Retained Earnings