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Accrued salaries payable of $150,000 were not recorded at December 31, 2020. Prepaid insurance of $50,000 at December 31, 2021 were erroneously treated as insurance

Accrued salaries payable of $150,000 were not recorded at December 31, 2020. Prepaid insurance of $50,000 at December 31, 2021 were erroneously treated as insurance expense. Neither of these errors was discovered nor corrected. The effect of these two errors would cause retained earnings at December 31, 2021 to be in error by what amount?

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