In late 2018 "company XYZ" discovered. 14 that sales revenues of 2016 was overstated by $ 40,000, What is the balance of retained earnings as of 31/12/2018 if you know that retained earnings balance as of 01/01/2018 was $200,000, net income for the year ?2018 was $150,000 (2 ) 390,000 $ O 310,000 $ O None of provided answers is correct 350,000 $ O