Wildhorse Inc. is a calendar-year corporation. Its financial statements for the years ended 12/31/17 and 12/31/18 contained the following errors:

		2017			2018
Ending inventory		$46000	overstatement		$98000	understatement
Depreciation expense		20500	understatement		36000	overstatement

Assume that no correcting entries were made at 12/31/17, or 12/31/18. Ignoring income taxes, by how much will retained earnings at 12/31/18 be overstated or understated?