Beta discovered ending inventory errors in 2015 and 2016. The 2015 ending inventory was overstated by $180 whereas the 2016 ending inventory was understated by $35. Ignoring taxes, by what amount should the beginning retained earnings be adjusted on January 1, 2017?

Using the same information in the previous problem, now assume that, in addition to the previously described inventory errors, depreciation expense was understated by 10 in 2015 and overstated by 25 in 2016. By what amount should beginning R.E. balance be adjusted on 1/1/17?