A bookkeeper prepared the year-end financial statements of Giftwrap, Inc. The income statement showed net income of $22,400, and the balance sheet showed ending retained earnings of $91,900. The firm's accountant reviewed the bookkeeper's work and determined that adjustments should be made that would increase revenues by $5,800 and increase expenses by $8,700. Required: Calculate the amounts of net income and retained earnings after the preceding adjustments are recorded. (Enter any decreases as negatives.)