On January 1, 2024, 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 profit in 2023 . 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, 2024. (List items that increase odjusted retained earmings first)) Statement of Retained Earnings Year Ended December 31, 2024 Add Add Less y : Cash Dividends Excess Cost of Reacquired Shares Balance, December 31