The ledger of Oriole Limited at October $31,2021,$ contains the following summary data:

Cash dividends$$common $$109,000$

Common shares $634,000$

Depreciation expense $81,000$

Service revenue $1,455,000$

Operating expenses $915,000$

Interest expense $44,000$

Retained earnings, November $1,2020559,000$

Your analysis reveals the following additional information:

$1.$ The company has a $25\%$ income tax rate.

$2.$ On March $19,2021,$ Oriole discovered an error made in the previous fiscal year. A $$45,000$ payment of a note payable had been recorded as interest expense.

$3.$ On April $10,2021,$ common shares costing $$65,000$ were reacquired for $$89,000.$ This is the first time the company has reacquired common shares. prepare the statement of retained earnings for the company for the year ended Ocotber $31$