The following inventory errors have been discovered for Southwest Corp: 2019 year-end inventory was overstated by $23,000 2020 year-end inventory was understated by $61,000 Determine the 2020 net income (NI) and 2020 ending retained earnings (RE) impacts of these errors. ONI understated by $38,000 and RE understated by $61,000 O NI understated by $84,000 and RE understated by $84,000 ONI understated by $61,000 and RE understated by $61,000 None of the provided answers are correct. ONI understated by $84,000 and RE understated by $61,000