Peach Inc.'s financial statements for the years 2019 and 2020 contained errors as follows: Ending Inventory Depreciation Expense 2019 $3,000 understated 5,500 overstated 2020 $5,000 overstated 3,500 overstated Assuming that none of the errors were detected or corrected by what amount will retained earnings at December 31, 2020 be overstated or understated? Ignore taxes. O $8.500 understated O $11,500 understated O $4,000 understated O $5,000 overstated