Shetland Company reported net income on the year-end financial statements of $189,565. However, errors in inventory were discovered after the reports were issued. If inventory was understated by $13,112, how much net income did the company actually earn?

Aerospace Electronics reports $586,692in credit sales for 2018 and $571,953 in 2019. They have a $488,937 accounts receivable balance at the end of 2018, and $401,834 at the end of 2019. Aerospace uses the income statement method to record bad debt estimation at 5% during 2018. To manage earnings more favorably, Aerospace changes bad debt estimation to the balance sheet method at 9% during 2019. Determine the bad debt estimation for 2018. Round to the nearest whole dollar, no decimal places.