Powell Compony had the following emors over the last two years: 2016 Ending Inventory was overstated by $40 500 while depreclation expense was overstated by $24,600. 2017: Ending Inventory was understated by $7,000 while depreclation expense was understated by $6,600. By how much should retained earnings be adjusted on January 1, 2018? (ignore taxes) Mutaplo Choice Increase by $25,000. Decrease by $25,000 Increase by $33,500 Decrease by $16.200