The retained earnings statement of XYZ Corporation on ${31}^{st}$ December $2021$ showed a balance of SAR $165,000.$ Before issming the report for the year ended December $31,2021,$ it discovered SAR $20,000$ error undervalued inventory that overstated the net income fo be higher in $2020$ and overvalued depreciation amount of $$5,000$ which understated net income in $2020.$

Required:

a$.$ What would Retained Earnings for $2021$ after the errors are corrected?

b$.$ What would Retaised Earnings at the end if XYZ Corporation pays dividends of SAR $5,000$ for $2021$

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