Question 37 7 pts Juan Moretime Inc. had the following errors over the past two years: overstated by 2018 Ending inventory was overstated by $35,000 while depreciation was $26,000 2019 Ending inventory was understated by $10,400 while depreciation expense was understated by $5,600 BY how much should retained earnings be adjusted on January 1, 2020? (Ignore taxes) Decrease by $9,700 Increase by $22,100 Decrease by $30,800 Increase by $30,800