A bookkeeper prepared the year-end financial statements of Giftwrap, Inc. The income statement showed net income of $216,000, and the balance sheet showed ending retained earnings of $810,000. The firm's accountant reviewed the bookkeeper's work and determined that adjustments should be made that would increase revenues by $60,000 and increase expenses by $84,000. Required: Calculate the amounts of net income and retained earnings after the preceding adjustments are recorded. (Enter any decreases as negatives.)