PART B The accountant of XY Stores calculated the profit for the business to be R2 500 for the financial year ended 31 December 2018. He later discovered that he had forgotten to take into account the following: (1) Advertising expense of R120 incurred but not paid on 31 December 2017. (2) Advertising expense of R490 paid in advance on 31 December 2018. REQUIRED: Calculate the correct profit for the 2018 financial year.