below in the screenshot , you have data for a compnay's years ended July 31.

1/ When preparing the year end inventory, staff members counted items costing $5000 twice. the company's accountant included that overstatement in the year 2020 year- end Inventory account. Staff counted the inventory correctly on July 31, 2021.

what is the balance in retained earnings at the end of these 2 years using the original ( incorrect) statements of income and the corrected statements if income? please show detailed calculation . thanks

S