Q2 please ASAP

-71 Current Attempt in Progress The ledger of Blossom Limited at October 31, 2021. contains the following summary data. Cash dividends-common Common shares Depreciation expense Service revenue Operating expenses Interest expense Retained eamings. November 1 2020 $127.000 652.000 99.000 1,473,000 933.000 62.000 577,000 Your analysis reveals the following additional information 1 2 The company has a 25% income tax rate On March 19, 2021, Blossom discovered an error made in the previous fiscal year. A $63,000 payment of a note payable had been recorded as interest expense. On April 10.2021. common shares costing $83,000 were reacquired for $107.000. This is the first time the company has reacquired common shares. 3. 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 for the amounts. Debit Credit Date Account Titles and Explanation Mar 19. 2021 To record connection of error Question 2 of 4 -/1 Prepare the journal entry to record the reacquisition of common shares (Credit account tities are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account tities and enter for the amounts.) Debit Credit Date Account Titles and Eqplanation Apr. 10, 2021 (To record reacquisition of common shares.) e Textbook and Media List of Accounts Calculate profit for the year ended October 31 2021 Pront $ eTextbook and Media List of Accounts question/ Question 2 of 4 -11 E Prepare the statement of retained earnings for the company for the year ended October 31, 2021. (List Items that increase retained earnings first.) BLOSSOM LIMITED Statement of Retained Earnings V V: V: v $ e Textbook and Media List of Accounts Attempts: 0 of 3 used Submit