For each situation, identify whether it is treated as a prior period adjustment or change 1. A review of the notes payable discovers that three years ago the company reported interest) on an installment note payable as interest expense. This mistake had a materia 2. After using an expected useful life of seven years and no salvage value to depreciate years, the company decided early this year that the equipment will last only two more y 3. Upon reviewing customer contracts, the company realizes it mistakenly reported $15 earned of $15,000. This mistake occurred two years ago and had a material effect on fir Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 A review of the notes payable discovers that three years ago the company reported the enti and interest) on an installment note payable as interest expense. This mistake had a materi in that year. Situation 1 Required Required 2 >