The ledger of Pharoah Limited at October 31, 2021, contains the following summary data: Cash dividends-common $121,000 Common shares 646,000 Depreciation expense 93.000 Service revenue 1,467,000 Operating expenses 927.000 Interest expense 56.000 Retained earnings. November 1, 2020 571.000 Your analysis reveals the following additional information: 1. The company has a 25% income tax rate. 2. On March 19,2021, Pharoah discovered an error made in the previous fiscal year. A $57,000 payment of a note payable had been recorded as interest expense. 2. On March 19, 2021, Pharoah discovered an error made in the previous fiscal year. A $57,000 payment of a note payable had been recorded as interest expense. 3. On April 10, 2021, common shares costing $77,000 were reacquired for $101,000. This is the first time the company has reacquired common shares. 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 Ofor the amounts.) Debit Credit Date Account Titles and Explanation Mar. 19, 2021 Notes Payable Retained Earnings Income Tax Recoverable (To record correction of error.) Prepare the journal entry to record the reacquisition of common shares. (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 Ofor the amounts.) Date Account Titles and Explanation Debit Credit Apr. 10, 2021 (To record reacquisition of common shares.) Calculate profit for the year ended October 31, 2021. Profit Prepare the statement of retained earnings for the company for the year ended October 31, 2021. (List items that increase retained earnings first.) PHAROAH LIMITED Statement of Retained Earnings S