!~~~~~15G Hinton Ltd has found an error in its sales revenue account: an invoice for $1400 was recorded as revenue in 2021 when it should have been recorded in 2022. The company’s income tax rate is 30 per cent and there was no corresponding error in cost of goods sold. What is the effect of the error on:
(i) 2021 net profit (ii) 2021 cash from operations (iii) 2021 net profit (iv) retained profits at the end of 2021 (v) retained profits at the end of 2022?