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statement of retained earnings IVANHOE CORPORATION Statement of Retained Earnings $ $ eTextbook and Media Save for Later Attempts: 0 of 3 used On January

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IVANHOE CORPORATION Statement of Retained Earnings $ $ eTextbook and Media Save for Later Attempts: 0 of 3 used On January 1, 2024, Ivanhoe Corporation had retained earnings of $610,000. During the year, Ivanhoe had the following selected transactions: 1. Declared and paid cash dividends, $300,000. 2. Eamed proft before income tax, $780,000 3. Corrected a prior period error of $92,000, before income tax, which resulted in an understatement of profit in 2023 . 4. Reacquired 25,000 common shares for $54,000 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. Ivanhoe has a 25% income tax rate and reports under ASPE. Prepare a statement of retained earnings for the year ended December 31,2024 . (List itens that increase odjusted retained earninus first)

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