Use the following information for questions.
Ignore taxes.
Peach Inc.'s financial statements for the years 2017 and 2018 contained errors as follows: 
-Assuming that none of the errors were detected or corrected, by what amount will retained earnings at December 31, 2018 be overstated or understated?
Definitions:
Flexibility
The quality of bending easily without breaking, often related to muscles and joints, and its enhancement is a goal of various physical exercise programs.
Weight Lifting
A form of exercise involving the lifting of weights to improve strength and muscle mass.
Stretching
The act of gently extending muscles to increase flexibility and reduce the risk of injury.
Jogging
A form of aerobic exercise that involves running at a slow, steady pace as a means to improve fitness, burn calories, and enhance cardiovascular health.
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