8. Correction of errors. Vance Company reported net incomes for a three-year period as follows: 2016, $191,000; 2017, $199,000; 2018, S180,000. In reviewing the accounts in 2019 after the books for the prior year have been closed, you find that the following errors have been made in summarizing activities: 2017 $42,000 $51,000 $31,000 12,000 2016 2018 Overstatement of ending inventory Understatement of accrued advertising expense 6,600 7,200 Instructions (a) Determine corrected net incomes for 2016, 2017, and 2018. (b) Give the entry to bring the books of the company up to date in 2019, assuming that the books have been closed for 2018