Calculate the following adjusted balances. Cash 5 19429 Accounts Receivable 5 32100 Inventory 5 61500 Accounts Payable 5 38600 Notes Payable 5 10200 Unearned Revenue 5 6100 IVANHOE COMPANY Balance Sheet (Partial) December 31, 2017 Asset Current Assets Cash 19429 Accounts Receivable $ 32100 Less Allowance for Doubtful Accounts 3100 i 29000 Inventory 61500 Prepaid Expenses 6800 Total Current Assets to 116729 Liabilities and Stockholders' Equity Current Liabilities Accounts Payable 38600 Notes Payable 10200 Unearned Revenue 6100 Total Current Liabilities 54900The current assets and current liabilities sections of the balance sheet of Ivanhoe Co. appear as follows. Ivanhoe Co. Balance Sheet (Partial) A5 of December 31,2017 Cash $19,000 Accounts payable $29,200 Accounts receiva ble $40,200 Notes payable 13,400 Less: Allowance for doubtful accounts 3,100 37,100 Unearned revenue 2,000 Inventory 62,400 Total current liabilities $44,600 Prepaid expenses 6,800 Total current assets $125,300 The following errors in the corporation's accounting have been discovered: 1. Keane collected $4,100 on December 20, 2017 as a down payment for services to be performed in January, 2018. The company's controller recorded the amount as revenue. 2. The inventory amount reported included $3,200 of merchandise that had been received on December 31, 2017 but forwhich no purchase invoices had been received or entered. Of this amount, $900 had been received on consignment; the remainder was purchased f.o.b. destination. terms 2X10, n/30. 3. Sales for the rst day in January 2018 in the amount of $11,600 were entered in the sales journal as of December31, 2017. Otthese, $5,800 were sales on account and the remainder were cash sales. 4. Cash, collected in December 2017, but entered as received in January 2018 totaled $2,400. Of this amount, $2,254was received on account after cash discounts of 2% had been deducted; the remainder was collected for cash sales. 5. Cash of $3,200 received in January 2018 was entered as received in December 2017. This cash represented the proceeds of a bank loan that matures in July 2018. 6. January 2018 cash disbursements entered as of December 2017 included payments of accounts payable in the amount of $7,100, on which a cash discount of 1% was taken. State the net effect of your adjustments on Ivanhoe's retained earnings balance. to retained earnings $