The Following Inventory Valuation Errors Have Been Discovered for Jellison $\begin{array}{rr}\text { Year } & \text { Income Before Taxes } \\\hline 2013 & \$ 175,000 \\2014 & 208,000 \\2015 & 191,000\end{array}$

question 107

Essay

The following inventory valuation errors have been discovered for Jellison Corporation:
• The 2013 year-end inventory was overstated by $19,000.
• The 2014 year-end inventory was overstated by $46,000.
• The 2015 year-end inventory was understated by $22,000.
Jellison's reported income before income taxes in these years was as follows:
$\begin{array}{rr}\text { Year } & \text { Income Before Taxes } \\\hline 2013 & \$ 175,000 \\2014 & 208,000 \\2015 & 191,000\end{array}$
Determine what income before taxes for 2013,2014,2015 should have been after correcting for the errors.

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