On January 1, 2021, Carla Vista Corporation had retained earnings of $670,000. During the year Carla Vista had the following selected transactions: 1. Declared and paid cash dividends. $269,000 2. Earned profit before income tax, $770,000 3. Corrected a prior period error of $94,000, before income tax which resulted in an understaternent of profit in 2020. 4. Reacquired 24.000 common shares for $59,000 more than the original issue price. This was the first time the company had ever reacquired its own shares. 5. Completed a 3-for-1 stock split of the common shares. Carla Vista has a 25% income tax rate and reports under ASPE Prepare a statement of retained earnings for the year ended December 31, 2021. list items that increased retained earnings first) CARLA VISTA CORPORATION Statement of Retained Earnings