Saved Powell Company had the following errors over the last two years 2016: Ending inventory was overstated by $30,000 while depreciation expense was overstated by $24.00o 2017: Ending inventory was understated by $5.000 while depreciation expense was understated by $4,000 By how much should retained earnings be adjusted on January 1, 2018? (Ignore taxes) Multiple Choice Increase by $15,000 Decrease by $25,000 Decreose by $6,000