2014 The income statement of Japhet Company for the years ended December 2013,2014,2015 indicate the following net income: 2013 170,000 205,000 2015 186,000 An examination of the accounting records for three years indicates that several errors were made in arriving at the net income amounts reported. The following errors were discovered. a. Sale of merchandise on account amounting to 15,000 was not recorded at the end of 2014. b. Goods costing P3,000 were in transit from a supplier on December 31,2013. The goods were appropriately included in the ending inventory but the corresponding purchase was not recorded. C. Accrued salaries were consistently omitted from the records. The amounts omitted were: 2013 P10,000 2014 14,000 2015 16,000 d. The merchandise inventory at December 31,2014 was understated by P9,000 as the result of errors made in the footings and extensions on inventory sheets. e. Unexpired insurance of P12,000 applicable to 2014 was expensed in 2013. f. Interest receivable of P2,400 was not recorded on December 31,2014. g. On January 2,2014, a piece of equipment costing p40,000 was sold for p18,000. At the date of sale, the equipment had an accumulated depreciation of P24,000. The cash received was recorded as income in 2014. In addition, depreciation was recorded for this equipment in both 2014 and 2015 at the rate of 10% of cost. w Required: Compute the adjusted net income from 2013 to 2015