b. The trial balanee of Kofi Sunsum Ltd for the year ended 31 st December 2021 failed to agree with a difference of GHS152,000. The final accounts were prepared based on the trial balance and showed a net loss of GHS4.500. The following errors were subsequenitly discovered. i. The sale of the company's land for GHIS100.000 has been entered into the sales ii. A dixcount received of Glis45, 000 has been posted to the debis side of the discountaccount allowed account. iii. The purchases daybook has been understated by GilS 160.000 . iv. A private purchase by the director (owner) amounting to GHS120.000 has been ineluded in the purchases of the company v. Bank charges of GHIS 48.000 in the cash book have not been posted to the bank charges account vi. Sales to Koli amounting to GiIS690,000 was correctly entered in the sales daybook but entered in the personal account as GHe 960,000. vii. A new motor vehicle purchased in July for GHS120,000 had been recorded as a motor expense. The company depreciates its assets usifge therrate of 10% per annum on the reducing balance method You are required to: a) Write up the journal entries necessary to correct the above errors. 17.5 marks b) Prepare the suspense account 13 marks C. Calculate the amount of net profit or loss after correcting the above errors. 17 marks|