The first audit of the books of Gomez Limited was recently carried out for the year ended December 31, 2017. Gomez follows IFRS. In examining the books, the auditor found that certain items had been overlooked or might have been incorrectly handled in the past:

1.		At the beginning of 2015, the company purchased a machine for $462,000 (residual value of $31,200) that had a useful life of 6 years. The bookkeeper used straight-line depreciation, but failed to deduct the residual value in calculating the depreciation base for the three years.
2.		At the end of 2016, the company accrued sales salaries of $52,000 in excess of the correct amount.
3.		A tax lawsuit that involved the year 2015 was settled late in 2017. It was determined that the company owed an additional $89,000 in tax related to 2015. The company did not record a liability in 2015 or 2016, because the possibility of losing was considered remote. The company charged the $89,000 to retained earnings in 2017 as a correction of a prior years error.
4.		Gomez purchased another company early in 2013 and recorded goodwill of $518,000. Gomez amortized $25,900 of goodwill in 2013, and $51,800 in each subsequent year.
5.		In 2017, the company changed its basis of inventory costing from FIFO to weighted average cost. The changes cumulative effect was to decrease net income of prior years by $49,000. The company debited this cumulative effect to Retained Earnings, and recorded the related income tax effect. The weighted average cost formula was used in calculating income for 2017.
6.		In 2017, the company wrote off $65,000 of inventory that it discovered, in 2017, had been stolen from one of its warehouses in 2016. This loss was charged to a loss account in 2017. Prepare the journal entries in 2017 to correct the books where necessary, assuming that the 2017 books have not been closed. Assume that the change from FIFO to weighted average cost can be justified as resulting in more relevant financial information. Disregard the effects of the corrections on income tax.