8. In late 2018 "company XYZ discovered that sales revenues of 2016 was understated by $10,000, What is the balance of retained earnings as of 31/12/2018 if you know that retained earnings balance as of 01/01/2018 was $200,000, net income for the year 2018 was $150,000? * (3 Points) $340,000 O $330,000 $360,000 $350,000