27.3A You have extracted a trial balance and drawn up accounts for the year ended 31 December 2017. There was a shortage of 78 on the credit side of the trial balance, a suspense account being opened for that amount. During 2018 the following errors made in 2017 were found: (1) 125 received from sales of old office equipment has been entered in the sales account. (ii) Purchases day book had been overcast by 10. (iii) A private purchase of 140 had been included in the business purchases. (iv) Bank charges 22 entered in the cash book have not been posted to the bank charges account. (v) A sale of goods to K. Lamb 230 was correctly entered in the sales book but entered in the personal account as 320. Required: (a) Show the requisite journal entries to correct the errors. (b) Write up the suspense account showing the correction of the errors. (c) The net profit originally calculated for 2017 was 28,400. Show your calculation of the correct figure.