Consider the following statements: 1. Revenue should not be recognised until the amount can be measured rellably. 2. Revenue should not be recognised until the economic benefits to be received are certain. Which of the above statements are correct? A. 1 and 2 8. 2 only C. 1 only D. Neither 1 nor 2 Neso Produchs produced a dratt inceme statement for the most recent year which showed a profi for the year of E9t 800 . Subsequent checking of the underfying records revealed that the folowing ectors occurted when preparing this financial statement. 1. Machinery purchased at the beginning of the year for use within the business and cosing f60,000 was holuded in cost of goods sold The polcy of the builness is to depreciaie such non-current asets at the rate of 50% using the reducing balance method 2. Interest payable at the year end of f7,900 had not been taken into account 3. Reet phable of f10.300 during the year had been tealed as rent receivable. What is the rwised profe for the year after taking account of the above errors? The revised proft for the year at (tyne an intoger.)