Vance Company reported net incomes for a three-year period as follows:2013, $191,000; 2014, $199,000; 2015, $180,000.In reviewing the accounts in 2016 after the books for the prior year have been closed, you find that the following errors have been made in summarizing activities: 
Instructions
(a) Determine corrected net incomes for 2013, 2014, and 2015.
(b) Give the entry to bring the books of the company up to date in 2016, assuming that the books have been closed for 2015.
Definitions:
Method of Loci
A mnemonic technique where information is visualized within familiar spatial locations to improve recall.
Solar System
The collection of planets and their moons in orbit around the Sun, along with smaller bodies such as asteroids and comets.
Episodic Memory
A type of long-term memory that involves the recollection of specific events, situations, and experiences from one's own life.
Nondeclarative Memory
A type of long-term memory that does not require conscious thought to retrieve, including skills, habits, and learned reflexes.
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