Self-test Martin prepared his final accounts and calculated that his net profit for the year was £7,875. This was before the following errors were discovered:

(i) Rent receivable of £520 was outstanding.

(ii) Sales of £928 had not been recorded.

(iii) A provision for bad debts of £700 should have been created.

(iv) Depreciation of £800 had not been provided for.

(v) An invoice for telephone charges of £120 had not been paid.

(vi) Sales returns of £322 had not been entered.

(vii) Rent of £1,000 shown in the profit and loss account relates to the following year.

(viii) Closing stock had been overvalued by £648.

Show the corrected net profit for the year.