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Assuming that the Retained Earnings balance in the books as of 12/31/2014 is P28,000. What is the correct balance of Retained earnings as of 12/31/2017? A review of the records of ABC corporation indicates that the errors and omissions listed in the table below had not been corrected during the applicable years: Inventory Inventory Depreciation Prepaid Unearned Accrued December 31 Overstated Understated Expense Expense Income Expense 2014 P6,000 P250 P900 P200 2015 P7,000 500 700 P400 75 2016 8.000 150 500 100 2017 9.000 350 600 300 50 The net income according to the records is: 2015, P7,000; 2016, P6,000; and 2017, P5,000. No dividends were declared during these years, and no adjustments were made to retained earnings