The ledger of Sheridan Limited at October 31, 2021, contains the following summary data: Cash dividends-common Common shares Depreciation expense Service revenue Operating expenses Interest expense Retained earnings, November 1, 2020 $122.000 647,000 94,000 1,468,000 928,000 57,000 572,000 Your analysis reveals the following additional information: 1. The company has a 25% income tax rate. 2. On March 19, 2021, Sheridan discovered an error made in the previous fiscal year. A $58,000 payment of a note payable had been recorded as interest expense. 3. On April 10, 2021, common shares costing $78,000 were reacquired for $102,000. 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 for the amounts.) Date Account Titles and Explanation Mar. 19, 2021 Debit Credit (To record correction of error.) account titles and enter for the amounts) Date Account Titles and Explanation Apr. 10, 2021 Debi (To record reacquisition of common shares.) Calculate profit for the year ended October 31, 2021. Profit $ SHERIDAN LIMITED Statement of Retained Earnings > $