how much will the retained earnings bakance go down?

errors are in two different pics, couldnt fit in one.

answer attempt

included payments of accounts payable in the amount of ceived at December 31 but for which no purchase invoices received on consignment; the remainder was purchased , 350 were entered in the sales journal as of December 31, er were cash sales. tered as of December 31,2025 , totaled $37,480. Of this of 2% had been deducted; the remainder represented the State the net effect of your adjustments on M \begin{tabular}{lr} Accounts payable & $64,090 \\ Notes payable & 66,410 \\ \hline$130,500 \\ \hline \end{tabular} The following errors in the corporation's accounting have been discovered: 1. January 2026 cash disbursements entered as of December 2025 included payn $43,400, on which a cash discount of 2% was taken. 2. The inventory included $30,790 of merchandise that had been received at Dece had been received or entered. Of this amount, $10,860 had been received on co f.o.b. destination, terms 2/10,n/30. 3. Sales for the first four days in January 2026 in the amount of $29,350 were ente 2025. Of these, $21,600 were sales on account and the remainder were cash salk 4. Cash, not including cash sales, collected in January 2026 and entered as of Decer amount, $25,480 was received on account after cash discounts of 2% had beend proceeds of a bank loan. Marigold Company Balance Sheet (Partial) December 31, 2025 Cash $42,800 Accounts receivable Less: Allowance for doubtful accounts Inventory Prepaid expenses $98,100 \begin{tabular}{rr} 8,530 & 89,570 \\ 157,330 \\ 8,110 \\ \hline$297,810 \\ \hline \hline \end{tabular}