Current Attempt in Progress The following information is available for Oriole Corporation: Retained earnings, December 31, 2023 $1,544,000 Profit for the year ended December 31, 2024 263,000 The company accountant, in preparing financial statements for the year ended December 31, 2024, has d The company's previous bookkeeper had recorded an excess of depreciation expense on a machine in 202 depreciation. The bookkeeper neglected to use the straight-line method of depreciation, which is the comm $10,200. Depreciation was calculated by the straight-line method in 2024. Oriole's average tax rate is 22% Calculate the impact on retained earnings. Question Part Score Prepare the statement of retained earnings for 2024. (List items that increase retained earnings first.) ORIOLE CORPORATION Statement of Retained Earnings Year Ended December 31, 2024 $ 4 E