On January 1, 2024, Blossom Corporation had retained earning of $620,000. During the year, Blossom had the following selected transactions: 1. Declared and paid cash dividends, $292,000. 2. Earned profit before income tax, $840,000. 3. Corrected a prior period error of $87,000, before income tax, which resulted in an understatement of profit in 2023. 4. Reacpuiref 23,000 common shares for 559,000 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. Blossom has a 25% income tax rate and reports under ASPE. Prepare a statement of retained earnings for the vear ended December 31.2024, (thit items that increose adusted nefainedeuminst fint.) BLOSSOMCORPORATION Statement of Retained Earnings Balance Janiusy 1 in Aclurted Add