Need help with retained earnings

The current assets and current liabilities sections of the balance sheet of Crane Co.appear as follows. Crane Co. Balance Sheet (Partial) As of December 31, 2017 Cash $18,700 Accounts payable $27,700 Accounts receivable $40,400 Notes payable 15,400 Less: Allowance for doubtful accounts 1,600 38,800 Unearned revenue 3,700 Inventory 62,000 Total current liabilities $46,800 Prepaid expenses 5,900 Total current assets $125,400 The following errors in the corporation's accounting have been discovered: 1. Keane collected $5,400 on December 20, 2017 as a down payment for services to be performed in January, 2018. The company's controller recorded the revenue. 2. The inventory amount reported included $2,700 of merchandise that had been received on December 31, 2017 but for which no purchase invoices had been received or entered. Of this amount, $1,200 had been received on consignment; the remainder was purchased f.o.b. destination, terms 2/10, n/30. 3. Sales for the first day in January 2018 in the amount of $12,300 were entered in the sales journal as of December 31, 2017. Of these, $5,700 were sales on account and the remainder were cash sales. 4. Cash, collected in December 2017, but entered as received in January 2018 totaled $4,100. Of this amount, $2,842 was received on account after cash discounts of 2% had been deducted; the remainder was collected for cash sales. 5. Cash of $3,600 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. 6. January 2018 cash disbursements entered as of December 2017 included payments of accounts payable in the amount of $7,800, on which a cash discount of 1% was taken. Your answer is correct. Calculate the following adjusted balances. Cash $ 20,322 Accounts Receivable $ 31,800 Inventory $ 60,800 Accounts Payable $ 37,000 Notes Payable $ 11,800 Unearned Revenue $ 9100 e Textbook and Media Assistance Used Attempts: unlimited Restate the current assets and current liabilities sections of the balance sheet in accordance with good accounting practice. (Assume that both accounts receivable and accounts payable are recorded gross.) (List Current Assets in order of liquidity.) CRANE COMPANY Balance Sheet (Partial) December 31, 2017 V Asset Current Assets Cash 20322 Accounts Receivable $ 31800 Less : Allowance for Doubtful Accounts 1600 30,200 Inventory 60,800 Prepaid Expenses 5,900 Total Current Assets $ 117,222 Liabilities and Stockholders' Equity Current Liabilities Accounts Payable $ 37.000 Notes Payable V 11,800 Unearned Revenue 9100 Total Current Liabilities $ 57,900 (b) - Your answer is partially correct. State the net effect of your adjustments on Crane's retained earnings balance. Decrease to retained earnings $ 15020 e Textbook and Media