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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

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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 understatement of proht 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 increase retained earnings first.) CARLA VISTA CORPORATION Statement of Retained Earnings Netflix Canada - W.. PEARSON Apre TV Home of WinPLUS Prepare a statement of retained earnings for the year ended December 31, 2021. (Ust items that increase retained earnings first.) CARLA VISTA CORPORATION Statement of Retained Earnings $ $

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