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: 2020 2021 Ending inventory $52000 overstatement $70000 understatement Depreciation expense 20000 understatement 46000 overstatement Assume that no correcting entries were made at 12/31/20, or 12/31/21. Ignoring income taxes, by how much will retained earnings at 12/31/21 be overstated or understated? $96000 understatement O $32000 understatement O $72000 overstatement O $70000 overstatement