Current Attempt in Progress

Oriole Bakeries Inc. reported retained earnings of $\backslash$$$445,000$ on December $31,2023.$ For the year ended December $31,2024,$ the company had profit of $\backslash (\backslash$$ $138,000\backslash ),$ and it declared and paid dividends of $\backslash (\backslash$$ $44,000\backslash ).$ Assume the company reports under ASPE. On March $1,2024,$ Oriole Bakeries Inc. discovered that the cost of Land purchased in $2023$ was erroneously recorded as rent expense. The cost of the Land was $\backslash (\backslash$$ $6,200\backslash ).$ The company's year end is December $31$ and the income tax rate is $\backslash (20\backslash \%\backslash ).$

Prepare a statement of retained earnings. $($List items that increase restated retained earnings first.$)$

ORIOLE BAKERIES INC. Statement of Retained Earnings $\backslash$$ : :$\backslash$$