Kildare Ltd completes their accounts to 31st December 2021, but the accounts assistant's trial balance requires a credit suspense account entry of 1,500 to make it balance. The accountant uncovers the following errors: 1) The sales day book has been totaled incorrectly, undercast by 2,090. The entries to the personal accounts are correct. 2) Cash discount of 410 was claimed from supplier J Offaly, but the paid made was well past the required time limit 3) A new, recently purchased vehicle, costing 3,500 had been recorded in the Vehicle Expenses account 4) Purchases of component parts for 480 had been recorded in the purchases account as 840 5) Miscellaneous office stationery inventory valued at 290 had not been included in year-end accounting figures. 6) A sales credit note of 475 has been filed with and credited as purchase returns documentation. Entries are correct in the personal accounts. Required: (a) Prepare journal entries to correct the above errors (narratives not [7] needed). Clear the suspense account to show that all errors have been correctly [4] dealt with. Kildare had reported draft gross profit of 45,700 and draft net profit of 31,000. Calculate the revised gross and net profits after correcting the errors. [9]