Sunland Inc is a calendar$-$year corporation. Its financial statements for the years ended $12/31/20$ and $12/31/21$ contained the following errors:

$\backslash$table$[[$inventory$,$$$52000,$overstatement,$$70000,$understateme$],[10-1,20000,$understatement,$46000,$overstatement$]]$

Assume that no correcting entries were made at $\frac{12}{31}\frac{?}{20},$ or $\frac{12}{31}\frac{?}{21}.$ Ignoring income taxes, by how much will retained earnings at $\frac{12}{31}\frac{?}{21}$ be overstated or understated?

$$96000$ understatement

$$32000$ understatement

$$72000$ overstatement

$$70000$ overstatement