What is the net effect of adjustments on Ivanhoe's retained earnings balance? I've submitted a decrease of ($19714) but it is not correct.

Cash Accounts receivable Less: Allowance for doubtful accounts Inventory Prepaid expenses Total current assets Ivanhoe Co. Balance Sheet (Partial) As of December 31, 2017 $19,000 $39,500 2,000 37,500 62,500 6,300 $125,300 Accounts payable Notes payable Unearned revenue Total current liabilities $28,100 15,400 2,800 $46,300 The following errors in the corporation's accounting have been discovered: 1. 2. 3. Keane collected $4,500 on December 20, 2017 as a down payment for services to be performed in January, 2018. The company's controller recorded the amount as revenue. The inventory amount reported included $4,100 of merchandise that had been received on December 31, 2017 but for which no purchase invoices had been received or entered. Of this amount $1,600 had been received on consignment, the remainder was purchased f.o.b. destination terms 2/10,n/30. Sales for the first day in January 2018 in the amount of $11,000 were entered in the sales journal as of December 31, 2017. Of these, $6,200 were sales on account and the remainder were cash sales. Cash, collected in December 2017, but entered as received in January 2018 totaled $3,200, of this amount. $2,156 was received on account after cash discounts of 2% had been deducted; the remainder was collected for cash sales. Cash of $5,300 received in January 2018 was entered as received in December 2017. This cash represented the proceeds of a bank loan that matures in July 2018, January 2018 cash disbursements entered as of December 2017 included payments of accounts payable in the amount of $6,900, on which a cash discount of 1% was taken. 4. 5. 6. 6 of 6 0.83/1 Tot Your answer is partially correct. State the net effect of your adjustments on Ivanhoe's retained earnings balance. Decrease to retained ea$n Save for Later Last saved 2 hours ago. 6 of 6 0.83/1 III Your answer is correct. Calculate the following adjusted balances. Cash $ Accounts Receivable $ Inventory $ Accounts Payable Notes Payable $ $ $ Unearned Revenue Your answer is correct. Restate the current assets and current liabilities sections of the balance sheet 6 of 6 0.83/1 Your answer is correct. Calculate the following adjusted balances. $ 18931 ceivable $ 31100 $ $ 60900 rable $ 37500 le $ 10100 venue $ 7300 6 of 6