A company has a total balance on its sales ledger control account of $24350 but the total of its individual ledgers adds up to $25270. An investigation revealed the following errors: 1 A payment of $3250 from a credit customer had been entered as $2350 in the relevant individual ledger. 2 A sales return of $230had been entered on the wrong side of the relevant individual ledger. 3 A settlement discount of $85 had been entered twice in the relevant individual ledger. 4 A set-off of $620 had been omitted from the relevant individual ledger. 5 A sales return of $120 from C Newbury had been entered in the sales returns journal twice in error. 6 In the cash book, the column for receipts from trade receivables had been undercast by $1000. 7 The account of D Doherty totalling $95 had been written off in the individual ledger but not in the control account. The draft profit figure was $12600 and the company sets its allowance for irrecoverable debts at 6% of trade receivables. Required Show the: a Corrected total balance for the individual ledgers. b Corrected sales ledger control account balance. c Corrected profit figure. d Corrected trade receivables figure that would appear in the statement of financial position